https://www.taxtmi.com/caselaws?id=3156 The Court upheld the Commissioner's view that the issue of taxing long term capital gain at a lower rate was debatable, dismissing the appeal and affirming the Commissioner's order. The Tribunal's decision on the tax rate applicability was found flawed and per incuriam, as it exceeded the presented controversy. The Court emphasized the Assessing Officer's obligation to issue notices under Section 143(2) for claim admissibility, highlighting the importance of natural justice principles in the assessment process. en-us Tue, 15 May 2007 00:00:00 +0530 Thu, 11 Jul 2013 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3156 The Court upheld the Commissioner's view that the issue of taxing long term capital gain at a lower rate was debatable, dismissing the appeal and affirming the Commissioner's order. The Tribunal's decision on the tax rate applicability was found flawed and per incuriam, as it exceeded the presented controversy. The Court emphasized the Assessing Officer's obligation to issue notices under Section 143(2) for claim admissibility, highlighting the importance of natural justice principles in the assessment process. Case-Laws Income Tax Tue, 15 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3156