Section 50C's multiplicative rate applicability was challenged....

Section 50C's multiplicative rate applicability was challenged. The Income Tax Appellate Tribunal affirmed the Commissioner's order applying a factor of "1" to the property sold by the assessee. However, the Tribunal failed to provide reasoning, even rudimentary, for affirming the Commissioner's findings. Consequently, the High Court allowed the appeal, set aside the Tribunal's order, and remanded the matter for fresh adjudication by the Tribunal, leaving all questions open for consideration.