https://www.taxtmi.com/caselaws?id=379954 The Tribunal set aside the case back to the file of the Ld. CIT(A) for re-adjudication regarding the dismissal of the appeal due to delay in filing. The issues of reopening assessment under sections 147/148 of IT Act, application of section 50C of Income Tax Act, and calculation of income as Capital Gain were also discussed during the proceedings. The Tribunal directed a fresh adjudication in accordance with the law, providing the assessee with a reasonable opportunity to present their case. en-us Fri, 03 May 2019 00:00:00 +0530 Thu, 09 May 2019 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379954 The Tribunal set aside the case back to the file of the Ld. CIT(A) for re-adjudication regarding the dismissal of the appeal due to delay in filing. The issues of reopening assessment under sections 147/148 of IT Act, application of section 50C of Income Tax Act, and calculation of income as Capital Gain were also discussed during the proceedings. The Tribunal directed a fresh adjudication in accordance with the law, providing the assessee with a reasonable opportunity to present their case. Case-Laws Income Tax Fri, 03 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379954