https://www.taxtmi.com/caselaws?id=214729 The Appellate Tribunal ITAT, Bangalore remitted the issues of Long Term Capital Gains (LTCG) computation and unexplained cash deposits back for fresh examination. In the LTCG matter, the Tribunal emphasized the need for valuation by the Valuation Officer as per section 50C(2) before determining the gains. Regarding the unexplained cash deposits, the Tribunal directed the Assessing Officer to re-examine the source of the deposits, ensuring a fair assessment and upholding the principles of natural justice. The judgment focused on procedural adherence and fairness in resolving the disputes raised by the assessee. en-us Thu, 31 May 2012 00:00:00 +0530 Mon, 02 Jul 2012 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214729 The Appellate Tribunal ITAT, Bangalore remitted the issues of Long Term Capital Gains (LTCG) computation and unexplained cash deposits back for fresh examination. In the LTCG matter, the Tribunal emphasized the need for valuation by the Valuation Officer as per section 50C(2) before determining the gains. Regarding the unexplained cash deposits, the Tribunal directed the Assessing Officer to re-examine the source of the deposits, ensuring a fair assessment and upholding the principles of natural justice. The judgment focused on procedural adherence and fairness in resolving the disputes raised by the assessee. Case-Laws Income Tax Thu, 31 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214729