https://www.taxtmi.com/caselaws?id=352604 The Income Tax Appellate Tribunal (ITAT) set aside the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision and remanded the case to the Assessing Officer (AO) for a fresh assessment. The ITAT directed the AO to separately consider the period of holding for land and building, apportion the sale proceeds accordingly, and allow indexation benefits based on the revised assessment. The appeal was allowed for statistical purposes, with the assessee instructed to provide necessary documents and evidence to the AO for the reassessment. en-us Tue, 12 Dec 2017 00:00:00 +0530 Mon, 18 Dec 2017 11:34:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352604 The Income Tax Appellate Tribunal (ITAT) set aside the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision and remanded the case to the Assessing Officer (AO) for a fresh assessment. The ITAT directed the AO to separately consider the period of holding for land and building, apportion the sale proceeds accordingly, and allow indexation benefits based on the revised assessment. The appeal was allowed for statistical purposes, with the assessee instructed to provide necessary documents and evidence to the AO for the reassessment. Case-Laws Income Tax Tue, 12 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352604