Property Sold in Low Price Due to Obstacles in Peaceful Enjoyment: ITAT deletes Capital Gains Addition based on DVO [Read Order]

Addition based on capital gain in respect of value adopted by the DVO was deleted by the tribunal.
By Aiswarya Krishnadas - On April 17, 2024 7:01 am - 2 mins read
Property Sold in Low Price Due - ITAT Capital Gains - DVO - TAXSCAN

In a recent ruling, the Kolkata bench Income Tax Appellate Tribunal ( ITAT ) deleted the capital gain addition made by the Assessing Officer (AO) as the tribunal was convinced that the assessee as a prudent seller to get rid of the long time and continuous harassment due to interruption and obstacles of miscreants in…

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