https://www.taxtmi.com/caselaws?id=448734 The Tribunal allowed the appeal, ruling that the valuation for Stamp Duty purposes should have been based on the property's initial purchase date in 2000, rather than its resale date in 2011. Consequently, the Tribunal deleted the addition made by the Assessing Officer under Section 50C(1), as the authorities incorrectly computed the capital gain. The Tribunal did not address the issue of reopening the assessment. en-us Thu, 25 Jan 2024 00:00:00 +0530 Mon, 29 Jan 2024 07:52:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448734 The Tribunal allowed the appeal, ruling that the valuation for Stamp Duty purposes should have been based on the property's initial purchase date in 2000, rather than its resale date in 2011. Consequently, the Tribunal deleted the addition made by the Assessing Officer under Section 50C(1), as the authorities incorrectly computed the capital gain. The Tribunal did not address the issue of reopening the assessment. Case-Laws Income Tax Thu, 25 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448734