https://www.taxtmi.com/caselaws?id=785221 Long term capital gain on sale of immovable property concerned application of stamp duty based valuation (jantri) for computing capital gain. The tribunal found that where substantial advance was paid and the sale agreement was acted upon, the jantri value as on the date of the agreement must be adopted, the retrospective operation of the valuation amendment supporting that approach, and directed remand to the assessing officer to adopt that jantri rate. The tribunal also directed allowance of cost of acquisition (with evidence) and independent inquiry into fair market value as on the base date where applicable. en-us Mon, 22 Dec 2025 00:00:00 +0530 Mon, 19 Jan 2026 18:27:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785221 Long term capital gain on sale of immovable property concerned application of stamp duty based valuation (jantri) for computing capital gain. The tribunal found that where substantial advance was paid and the sale agreement was acted upon, the jantri value as on the date of the agreement must be adopted, the retrospective operation of the valuation amendment supporting that approach, and directed remand to the assessing officer to adopt that jantri rate. The tribunal also directed allowance of cost of acquisition (with evidence) and independent inquiry into fair market value as on the base date where applicable. Case-Laws Income Tax Mon, 22 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785221