https://www.taxtmi.com/caselaws?id=769917 ITAT Delhi allowed the appeal regarding Section 50C addition, holding that where the assessee declared long-term capital gains based on actual sale price exceeding stamp duty value, Section 50C does not apply. The tribunal deleted the addition of Rs. 4,26,562. On cost of acquisition for indexation benefit, considering conflicting valuation reports of Rs. 20.15 lakhs versus Rs. 12,45,498, the tribunal adopted a middle approach, fixing cost of acquisition at Rs. 18 lakhs in the interest of justice, clarifying this would not set precedent. en-us Wed, 19 Mar 2025 00:00:00 +0530 Fri, 02 May 2025 11:41:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769917 ITAT Delhi allowed the appeal regarding Section 50C addition, holding that where the assessee declared long-term capital gains based on actual sale price exceeding stamp duty value, Section 50C does not apply. The tribunal deleted the addition of Rs. 4,26,562. On cost of acquisition for indexation benefit, considering conflicting valuation reports of Rs. 20.15 lakhs versus Rs. 12,45,498, the tribunal adopted a middle approach, fixing cost of acquisition at Rs. 18 lakhs in the interest of justice, clarifying this would not set precedent. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769917