https://www.taxtmi.com/caselaws?id=248828 The ITAT remitted all issues back to the AO for fresh consideration. The AO was directed to ascertain the actual sale consideration received from the sale of built-up area by examining the sale deeds executed during the relevant assessment year. The AO was also instructed to ensure that any advance received by the assessee towards the sale of built-up area should not be considered for capital gains. Additionally, the AO was directed to comply with the ITAT's earlier direction to refer the matter to the DVO for determining the market value under Section 50C. Finally, the AO was to reconsider the addition of Rs.18,55,000/- afresh and provide the assessee with a reasonable opportunity to be heard. The appeal filed by the department was treated as allowed for statistical purposes. en-us Wed, 04 Jun 2014 00:00:00 +0530 Thu, 26 Jun 2014 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248828 The ITAT remitted all issues back to the AO for fresh consideration. The AO was directed to ascertain the actual sale consideration received from the sale of built-up area by examining the sale deeds executed during the relevant assessment year. The AO was also instructed to ensure that any advance received by the assessee towards the sale of built-up area should not be considered for capital gains. Additionally, the AO was directed to comply with the ITAT's earlier direction to refer the matter to the DVO for determining the market value under Section 50C. Finally, the AO was to reconsider the addition of Rs.18,55,000/- afresh and provide the assessee with a reasonable opportunity to be heard. The appeal filed by the department was treated as allowed for statistical purposes. Case-Laws Income Tax Wed, 04 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248828