https://www.taxtmi.com/caselaws?id=352898 The Tribunal allowed the appeals by two assesses for assessment year 2009-10, remanding the matter back to the AO for a fresh assessment. The additional grounds raised by the assessee were admitted for adjudication, focusing on natural justice principles and correct computation of capital gains. Discrepancies in property valuation led to a recalculation of capital gains based on correct stamp duty valuation, overturning the FAA's decision. The Tribunal directed a more thorough assessment considering all evidences and cost of acquisition, including the value of tenancy rights. The decision favored the assessee, pronounced on 22nd December 2017. en-us Fri, 22 Dec 2017 00:00:00 +0530 Sat, 23 Dec 2017 09:08:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352898 The Tribunal allowed the appeals by two assesses for assessment year 2009-10, remanding the matter back to the AO for a fresh assessment. The additional grounds raised by the assessee were admitted for adjudication, focusing on natural justice principles and correct computation of capital gains. Discrepancies in property valuation led to a recalculation of capital gains based on correct stamp duty valuation, overturning the FAA's decision. The Tribunal directed a more thorough assessment considering all evidences and cost of acquisition, including the value of tenancy rights. The decision favored the assessee, pronounced on 22nd December 2017. Case-Laws Income Tax Fri, 22 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352898