https://www.taxtmi.com/caselaws?id=250804 The Tribunal set aside the orders of the Assessing Officer and the Commissioner of Income Tax (Appeals) and directed a fresh examination of the entire assessment by the Assessing Officer. The Assessing Officer was instructed to re-evaluate the taxability of capital gains, permitting the assessee to provide additional evidence and refer to relevant case law. The Tribunal found fault with the admission of new grounds without the Assessing Officer's review, leading to a procedural lapse. The Revenue's appeal was allowed solely for statistical purposes. en-us Wed, 13 Aug 2014 00:00:00 +0530 Tue, 26 Aug 2014 15:33:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250804 The Tribunal set aside the orders of the Assessing Officer and the Commissioner of Income Tax (Appeals) and directed a fresh examination of the entire assessment by the Assessing Officer. The Assessing Officer was instructed to re-evaluate the taxability of capital gains, permitting the assessee to provide additional evidence and refer to relevant case law. The Tribunal found fault with the admission of new grounds without the Assessing Officer's review, leading to a procedural lapse. The Revenue's appeal was allowed solely for statistical purposes. Case-Laws Income Tax Wed, 13 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250804