https://www.taxtmi.com/caselaws?id=329497 The Tribunal remanded the case back to the Assessing Officer for a fresh assessment regarding the enhancement of income under Long Term Capital Gain without providing reasons. The Tribunal emphasized the need to verify the figures of Long Term Capital Gain disclosed in the return of income and directed the Assessing Officer to ensure the assessee is given a reasonable opportunity to be heard. Additionally, the Tribunal noted the absence of deduction towards indexed cost of acquisition and set off of brought forward loss in the assessment, agreeing for reassessment to determine the actual facts and uphold fairness in the process. en-us Fri, 13 May 2016 00:00:00 +0530 Mon, 04 Jul 2016 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329497 The Tribunal remanded the case back to the Assessing Officer for a fresh assessment regarding the enhancement of income under Long Term Capital Gain without providing reasons. The Tribunal emphasized the need to verify the figures of Long Term Capital Gain disclosed in the return of income and directed the Assessing Officer to ensure the assessee is given a reasonable opportunity to be heard. Additionally, the Tribunal noted the absence of deduction towards indexed cost of acquisition and set off of brought forward loss in the assessment, agreeing for reassessment to determine the actual facts and uphold fairness in the process. Case-Laws Income Tax Fri, 13 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329497