https://www.taxtmi.com/caselaws?id=360191 The appeal was allowed for statistical purposes, emphasizing the importance of considering fair market value and providing a fair opportunity for the appellant to substantiate their claims in accordance with the Income Tax Act. The tribunal directed the Assessing Officer to reconsider the issue, taking into account the appellant's submissions and the provisions of the Act, ensuring a detailed order with reasons following the law. en-us Wed, 09 May 2018 00:00:00 +0530 Tue, 26 Jun 2018 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360191 The appeal was allowed for statistical purposes, emphasizing the importance of considering fair market value and providing a fair opportunity for the appellant to substantiate their claims in accordance with the Income Tax Act. The tribunal directed the Assessing Officer to reconsider the issue, taking into account the appellant's submissions and the provisions of the Act, ensuring a detailed order with reasons following the law. Case-Laws Income Tax Wed, 09 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360191