https://www.taxtmi.com/caselaws?id=456362 The ITAT Ahmedabad addressed capital gains computation concerning land sale consideration rates. The CIT-A had directed the AO to adopt Rs. 618 per square meter against the AO's rate of Rs. 1,670 per square meter. However, ITAT was bound by its earlier decision in the assessee's own case, which had established the land rate at Rs. 200 per square meter. Following the binding precedent from the previous ITAT order, the tribunal decided against the revenue department. en-us Wed, 23 Jun 2021 00:00:00 +0530 Fri, 19 Jul 2024 20:04:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456362 The ITAT Ahmedabad addressed capital gains computation concerning land sale consideration rates. The CIT-A had directed the AO to adopt Rs. 618 per square meter against the AO's rate of Rs. 1,670 per square meter. However, ITAT was bound by its earlier decision in the assessee's own case, which had established the land rate at Rs. 200 per square meter. Following the binding precedent from the previous ITAT order, the tribunal decided against the revenue department. Case-Laws Income Tax Wed, 23 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456362