https://www.taxtmi.com/caselaws?id=377434 The Tribunal partly allowed the assessee's appeal, directing the Assessing Officer to compute the Long Term Capital Gain (LTCG) based on the consideration declared by the assessee. The Tribunal also instructed verification of the claim of double taxation of income distributed to beneficiaries, emphasizing the need for the assessee to provide relevant documentary evidence. The Tribunal highlighted the importance of the AO granting the assessee an opportunity to substantiate its claims in accordance with the law. en-us Fri, 08 Mar 2019 00:00:00 +0530 Fri, 29 Mar 2019 08:52:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377434 The Tribunal partly allowed the assessee's appeal, directing the Assessing Officer to compute the Long Term Capital Gain (LTCG) based on the consideration declared by the assessee. The Tribunal also instructed verification of the claim of double taxation of income distributed to beneficiaries, emphasizing the need for the assessee to provide relevant documentary evidence. The Tribunal highlighted the importance of the AO granting the assessee an opportunity to substantiate its claims in accordance with the law. Case-Laws Income Tax Fri, 08 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377434