https://www.taxtmi.com/caselaws?id=352602 The ITAT allowed the appeal, setting aside previous orders and remitting the matter to the AO for fresh examination. The delay in filing the appeal was condoned due to reasonable cause. The ITAT emphasized the need to establish the appellant's title to the property and whether she received consideration, as the ownership rights were disputed. The transaction was deemed invalid as it lacked a sale deed, and the basis for levying capital gains was considered doubtful. The AO was directed to reassess the issue in light of the Court's orders and the nature of the transaction. en-us Fri, 17 Nov 2017 00:00:00 +0530 Mon, 18 Dec 2017 11:34:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352602 The ITAT allowed the appeal, setting aside previous orders and remitting the matter to the AO for fresh examination. The delay in filing the appeal was condoned due to reasonable cause. The ITAT emphasized the need to establish the appellant's title to the property and whether she received consideration, as the ownership rights were disputed. The transaction was deemed invalid as it lacked a sale deed, and the basis for levying capital gains was considered doubtful. The AO was directed to reassess the issue in light of the Court's orders and the nature of the transaction. Case-Laws Income Tax Fri, 17 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352602