https://www.taxtmi.com/caselaws?id=387781 The tribunal allowed the appeal for statistical purposes, emphasizing the necessity for the Commissioner of Income Tax (Appeals) to provide a fair hearing and issue a reasoned order. The appellant's argument regarding the land's classification as a capital asset under Section 2(14) of the Income Tax Act, 1961 was considered, with directions for cooperation and avoidance of unnecessary adjournments. The tribunal stressed adherence to principles of natural justice and statutory requirements, highlighting the importance of a detailed and reasoned decision by the Commissioner of Income Tax (Appeals). en-us Mon, 14 Oct 2019 00:00:00 +0530 Fri, 01 Nov 2019 21:33:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387781 The tribunal allowed the appeal for statistical purposes, emphasizing the necessity for the Commissioner of Income Tax (Appeals) to provide a fair hearing and issue a reasoned order. The appellant's argument regarding the land's classification as a capital asset under Section 2(14) of the Income Tax Act, 1961 was considered, with directions for cooperation and avoidance of unnecessary adjournments. The tribunal stressed adherence to principles of natural justice and statutory requirements, highlighting the importance of a detailed and reasoned decision by the Commissioner of Income Tax (Appeals). Case-Laws Income Tax Mon, 14 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387781