https://www.taxtmi.com/caselaws?id=367435 The Tribunal set aside the lower authorities' decision denying exemption of long term capital gains under section 10(38) and remitted the issue back to the Assessing Officer for fresh consideration. Emphasizing the importance of natural justice, the Tribunal directed the assessee to provide evidence to substantiate the claims and allowed for further examination. The appeal was partly allowed for statistical purposes, highlighting the significance of following legal procedures and ensuring opportunities for explanation in tax assessments. en-us Mon, 17 Sep 2018 00:00:00 +0530 Thu, 20 Sep 2018 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367435 The Tribunal set aside the lower authorities' decision denying exemption of long term capital gains under section 10(38) and remitted the issue back to the Assessing Officer for fresh consideration. Emphasizing the importance of natural justice, the Tribunal directed the assessee to provide evidence to substantiate the claims and allowed for further examination. The appeal was partly allowed for statistical purposes, highlighting the significance of following legal procedures and ensuring opportunities for explanation in tax assessments. Case-Laws Income Tax Mon, 17 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367435