https://www.taxtmi.com/caselaws?id=330405 The Tribunal allowed the appeal for statistical purposes, setting aside the orders of the learned CIT(A) and directing the Assessing Officer to re-determine the issue on merits. The AO was instructed to compute the full value of consideration by adding unpaid liabilities assumed by the buyer to the sale consideration, grant relief on deductions, and provide the assessee with a proper opportunity to be heard and submit relevant evidence. The Tribunal emphasized adherence to the Income Tax Act provisions in the computation of capital gains. en-us Wed, 13 Jul 2016 00:00:00 +0530 Mon, 25 Jul 2016 11:46:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330405 The Tribunal allowed the appeal for statistical purposes, setting aside the orders of the learned CIT(A) and directing the Assessing Officer to re-determine the issue on merits. The AO was instructed to compute the full value of consideration by adding unpaid liabilities assumed by the buyer to the sale consideration, grant relief on deductions, and provide the assessee with a proper opportunity to be heard and submit relevant evidence. The Tribunal emphasized adherence to the Income Tax Act provisions in the computation of capital gains. Case-Laws Income Tax Wed, 13 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330405