https://www.taxtmi.com/caselaws?id=233948 The Tribunal allowed the first appeal, condoning the delay in filing the appeal before the CIT (A) for the assessment year 2006-07. The second appeal regarding the tax treatment of long term capital gains was set aside for reconsideration by the AO. The judgment highlighted the importance of the right of appeal, the necessity of vigilance in exercising such rights, and the proper consideration of pending issues before making decisions on condonation of delay and tax treatment. en-us Wed, 01 May 2013 00:00:00 +0530 Wed, 22 May 2013 10:01:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233948 The Tribunal allowed the first appeal, condoning the delay in filing the appeal before the CIT (A) for the assessment year 2006-07. The second appeal regarding the tax treatment of long term capital gains was set aside for reconsideration by the AO. The judgment highlighted the importance of the right of appeal, the necessity of vigilance in exercising such rights, and the proper consideration of pending issues before making decisions on condonation of delay and tax treatment. Case-Laws Income Tax Wed, 01 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233948