https://www.taxtmi.com/caselaws?id=389695 The High Court clarified that the Tribunal should have provided specific directions for taxing the capital gain in the correct assessment year to avoid ambiguity. Without such guidance, there was a risk of disputes and potential time-barred assessments. The Court emphasized the need for clarity and issued necessary directions to ensure proper taxation. The appeal was disposed of with the directive that explicit instructions for taxing the capital gain in the correct year should have been given by the Tribunal to prevent confusion and disputes. en-us Mon, 22 Jul 2019 00:00:00 +0530 Sat, 14 Dec 2019 14:29:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389695 The High Court clarified that the Tribunal should have provided specific directions for taxing the capital gain in the correct assessment year to avoid ambiguity. Without such guidance, there was a risk of disputes and potential time-barred assessments. The Court emphasized the need for clarity and issued necessary directions to ensure proper taxation. The appeal was disposed of with the directive that explicit instructions for taxing the capital gain in the correct year should have been given by the Tribunal to prevent confusion and disputes. Case-Laws Income Tax Mon, 22 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389695