https://www.taxtmi.com/caselaws?id=339749 The ITAT Kolkata allowed the assessee's appeal against the Commissioner of Income Tax (Appeals) and directed the matter to be sent back to the assessing officer for fresh adjudication. The decision focused on the proper valuation of the assessee's share in a property sold with joint owners and the working of the indexed cost of acquisition. The ITAT emphasized the need for thorough verification and consideration of documentary evidence, stressing fairness in tax assessments and adherence to legal procedures. en-us Fri, 03 Mar 2017 00:00:00 +0530 Sun, 05 Mar 2017 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339749 The ITAT Kolkata allowed the assessee's appeal against the Commissioner of Income Tax (Appeals) and directed the matter to be sent back to the assessing officer for fresh adjudication. The decision focused on the proper valuation of the assessee's share in a property sold with joint owners and the working of the indexed cost of acquisition. The ITAT emphasized the need for thorough verification and consideration of documentary evidence, stressing fairness in tax assessments and adherence to legal procedures. Case-Laws Income Tax Fri, 03 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339749