https://www.taxtmi.com/caselaws?id=283852 The Tribunal allowed the appeal for statistical purposes, emphasizing the importance of admitting additional grounds and evidence to ensure substantial justice in determining the taxability of the capital gains related to the late investment in REC Bonds and the sale of rural land under the Income Tax Act. The issue regarding the addition of capital gain for late investment in REC Bonds was directed to be restored to the Assessing Officer for further examination, while the issue of taxability of capital gains on the sale of rural land was remanded for a detailed assessment considering all evidence presented by the appellant. en-us Fri, 27 Jun 2014 00:00:00 +0530 Thu, 17 Oct 2019 20:52:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283852 The Tribunal allowed the appeal for statistical purposes, emphasizing the importance of admitting additional grounds and evidence to ensure substantial justice in determining the taxability of the capital gains related to the late investment in REC Bonds and the sale of rural land under the Income Tax Act. The issue regarding the addition of capital gain for late investment in REC Bonds was directed to be restored to the Assessing Officer for further examination, while the issue of taxability of capital gains on the sale of rural land was remanded for a detailed assessment considering all evidence presented by the appellant. Case-Laws Income Tax Fri, 27 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283852