https://www.taxtmi.com/caselaws?id=196884 The Tribunal set aside the CIT (A)'s order rejecting the claims of sales consideration for computing capital gain, citing lack of proper consideration of the assessee's objections and principles of natural justice. The Tribunal also found a violation of natural justice in the failure to refer the valuation to the Valuation Officer as required under section 50C(2) and ordered fresh adjudication by the Assessing Officer. The appeal was allowed for statistical purposes due to the assessment of capital gain in the wrong assessment year, emphasizing the importance of fair adjudication and adherence to legal procedures. en-us Wed, 03 Jul 2013 00:00:00 +0530 Mon, 18 Dec 2017 12:34:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196884 The Tribunal set aside the CIT (A)'s order rejecting the claims of sales consideration for computing capital gain, citing lack of proper consideration of the assessee's objections and principles of natural justice. The Tribunal also found a violation of natural justice in the failure to refer the valuation to the Valuation Officer as required under section 50C(2) and ordered fresh adjudication by the Assessing Officer. The appeal was allowed for statistical purposes due to the assessment of capital gain in the wrong assessment year, emphasizing the importance of fair adjudication and adherence to legal procedures. Case-Laws Income Tax Wed, 03 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196884