https://www.taxtmi.com/caselaws?id=351181 The Tribunal allowed the appeal in favor of the assessee, condoning the delay in filing the appeal due to bona fide reasons provided by the assessee. The Tribunal directed a fresh examination by the Assessing Officer regarding the determination of Long Term Capital Gains, application of Section 50C of the Income Tax Act, taxability under Section 2(47)(v), and consideration of cost of acquisition and exemption under Section 54. The Tribunal emphasized the importance of factual appreciation and directed a reconsideration based on all relevant facts. en-us Mon, 30 Oct 2017 00:00:00 +0530 Tue, 21 Nov 2017 08:51:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351181 The Tribunal allowed the appeal in favor of the assessee, condoning the delay in filing the appeal due to bona fide reasons provided by the assessee. The Tribunal directed a fresh examination by the Assessing Officer regarding the determination of Long Term Capital Gains, application of Section 50C of the Income Tax Act, taxability under Section 2(47)(v), and consideration of cost of acquisition and exemption under Section 54. The Tribunal emphasized the importance of factual appreciation and directed a reconsideration based on all relevant facts. Case-Laws Income Tax Mon, 30 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351181