https://www.taxtmi.com/caselaws?id=258593 The Tribunal allowed the appeal for statistical purposes, setting aside the lower authorities' orders and directing the Assessing Officer to consider the additional ground raised by the assessee regarding referral to the Departmental Valuation Officer for fair market value determination under section 50C(2) of the Income Tax Act, 1961. The AO was instructed to provide the assessee with a reasonable opportunity to be heard before making a decision, emphasizing adherence to statutory provisions in assessing capital gains. en-us Thu, 19 Mar 2015 00:00:00 +0530 Thu, 26 Mar 2015 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258593 The Tribunal allowed the appeal for statistical purposes, setting aside the lower authorities' orders and directing the Assessing Officer to consider the additional ground raised by the assessee regarding referral to the Departmental Valuation Officer for fair market value determination under section 50C(2) of the Income Tax Act, 1961. The AO was instructed to provide the assessee with a reasonable opportunity to be heard before making a decision, emphasizing adherence to statutory provisions in assessing capital gains. Case-Laws Income Tax Thu, 19 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258593