https://www.taxtmi.com/caselaws?id=369157 The Tribunal set aside the Assessing Officer's order and remanded the case back for necessary referral to the Valuation Officer under Section 50C of the Income Tax Act, emphasizing the importance of accurate valuation for Fair Market Value determination in Short Term Capital Gain assessments. The decision focused on the necessity of the Valuation Officer's involvement, rather than procedural issues like the failure to issue a show cause notice, ultimately allowing the appeal for statistical purposes. en-us Thu, 18 Oct 2018 00:00:00 +0530 Mon, 22 Oct 2018 09:54:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369157 The Tribunal set aside the Assessing Officer's order and remanded the case back for necessary referral to the Valuation Officer under Section 50C of the Income Tax Act, emphasizing the importance of accurate valuation for Fair Market Value determination in Short Term Capital Gain assessments. The decision focused on the necessity of the Valuation Officer's involvement, rather than procedural issues like the failure to issue a show cause notice, ultimately allowing the appeal for statistical purposes. Case-Laws Income Tax Thu, 18 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369157