https://www.taxtmi.com/caselaws?id=210788 The Tribunal allowed the appeal against the Commissioner of Income-tax(A)'s order under sections 147/143(3) of the I.T. Act for the assessment year 2006-07. The case involved disputes over the computation of long term capital gains, particularly concerning the valuation of property. The Tribunal remitted the matter back to the Assessing Officer for a proper evaluation of the fair market value and a reexamination of the application of section 50C of the Act. The decision stressed the importance of considering all evidence and granting the assessee a fair opportunity to present their case. en-us Wed, 27 Jul 2011 00:00:00 +0530 Wed, 22 Feb 2012 06:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210788 The Tribunal allowed the appeal against the Commissioner of Income-tax(A)'s order under sections 147/143(3) of the I.T. Act for the assessment year 2006-07. The case involved disputes over the computation of long term capital gains, particularly concerning the valuation of property. The Tribunal remitted the matter back to the Assessing Officer for a proper evaluation of the fair market value and a reexamination of the application of section 50C of the Act. The decision stressed the importance of considering all evidence and granting the assessee a fair opportunity to present their case. Case-Laws Income Tax Wed, 27 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210788