https://www.taxtmi.com/caselaws?id=242221 The Tribunal directed the Assessing Officer to refer the matter to the Valuation Officer for fair market value determination regarding the addition of short term capital gain on the sale of property. The Tribunal emphasized adherence to statutory provisions and granted the assessee a reasonable opportunity to present evidence. The appeal was disposed of with directions for a fresh assessment based on the Valuation Officer's report, ensuring a well-reasoned order by the Assessing Officer. en-us Fri, 26 Apr 2013 00:00:00 +0530 Fri, 10 Jan 2014 10:36:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242221 The Tribunal directed the Assessing Officer to refer the matter to the Valuation Officer for fair market value determination regarding the addition of short term capital gain on the sale of property. The Tribunal emphasized adherence to statutory provisions and granted the assessee a reasonable opportunity to present evidence. The appeal was disposed of with directions for a fresh assessment based on the Valuation Officer's report, ensuring a well-reasoned order by the Assessing Officer. Case-Laws Income Tax Fri, 26 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242221