https://www.taxtmi.com/caselaws?id=372498 The High Court held that the Tribunal erred in not addressing the jurisdictional issue raised by the appellant regarding Section 158 BD of the Income Tax Act during the assessment of capital gains. The Court also found the Tribunal's adhoc addition of income from capital gains without providing reasons to be unsustainable. Emphasizing the importance of reasoned decisions, the Court invalidated the Tribunal's order due to the lack of justification for modifying the income addition related to a specific property. The appeal was allowed, and the matter was remanded for fresh adjudication based on the Court's observations. en-us Tue, 13 Nov 2018 00:00:00 +0530 Mon, 24 Dec 2018 08:33:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372498 The High Court held that the Tribunal erred in not addressing the jurisdictional issue raised by the appellant regarding Section 158 BD of the Income Tax Act during the assessment of capital gains. The Court also found the Tribunal's adhoc addition of income from capital gains without providing reasons to be unsustainable. Emphasizing the importance of reasoned decisions, the Court invalidated the Tribunal's order due to the lack of justification for modifying the income addition related to a specific property. The appeal was allowed, and the matter was remanded for fresh adjudication based on the Court's observations. Case-Laws Income Tax Tue, 13 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372498