https://www.taxtmi.com/caselaws?id=356223 The High Court remitted the matter back to the Tribunal for clarification on the determination of capital gain from the transfer of the Saidakadal property. The Tribunal directed the Assessing Officer to separately determine the fair market value of the land and building as of 01.04.1981 and apply indexation for calculating the total capital gain. Additionally, the Tribunal allowed the Assessing Officer to reevaluate the computation of capital gain from the transfer of the Gulmarg land/hut, ensuring the assessee's right to be heard. The interventions aimed to address discrepancies in valuation and ensure fair assessment procedures. en-us Thu, 22 Feb 2018 00:00:00 +0530 Tue, 27 Feb 2018 07:12:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356223 The High Court remitted the matter back to the Tribunal for clarification on the determination of capital gain from the transfer of the Saidakadal property. The Tribunal directed the Assessing Officer to separately determine the fair market value of the land and building as of 01.04.1981 and apply indexation for calculating the total capital gain. Additionally, the Tribunal allowed the Assessing Officer to reevaluate the computation of capital gain from the transfer of the Gulmarg land/hut, ensuring the assessee's right to be heard. The interventions aimed to address discrepancies in valuation and ensure fair assessment procedures. Case-Laws Income Tax Thu, 22 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356223