https://www.taxtmi.com/caselaws?id=385278 The appeal was allowed for statistical purposes, emphasizing the importance of thorough examination in tax assessments. The delay in filing the appeal was condoned due to medical reasons. The Principal Commissioner of Income Tax directed the Assessing Officer to revise the assessment order, finding errors in the assessment of long term capital gains tax on a property transfer. The Tribunal upheld the revision under section 263, emphasizing the necessity for proper verification and examination in tax assessments to ensure fairness. en-us Wed, 28 Aug 2019 00:00:00 +0530 Sat, 31 Aug 2019 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385278 The appeal was allowed for statistical purposes, emphasizing the importance of thorough examination in tax assessments. The delay in filing the appeal was condoned due to medical reasons. The Principal Commissioner of Income Tax directed the Assessing Officer to revise the assessment order, finding errors in the assessment of long term capital gains tax on a property transfer. The Tribunal upheld the revision under section 263, emphasizing the necessity for proper verification and examination in tax assessments to ensure fairness. Case-Laws Income Tax Wed, 28 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385278