https://www.taxtmi.com/caselaws?id=396900 A quasi-judicial appellate order affecting rights must give reasons linked to the facts and assessment findings; applying case law in the abstract without explaining why the transaction was or was not a transfer attracting capital gains is impermissible. The Madras HC found the first appellate authority's and Tribunal's orders to be non-speaking and devoid of reasoning, making them unsustainable. The challenge succeeded, the appellate orders were set aside, and the matter was remitted for fresh consideration after hearing both sides. The substantive taxability issue was not decided on merits. en-us Wed, 08 Jul 2020 00:00:00 +0530 Mon, 18 Jan 2021 13:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396900 A quasi-judicial appellate order affecting rights must give reasons linked to the facts and assessment findings; applying case law in the abstract without explaining why the transaction was or was not a transfer attracting capital gains is impermissible. The Madras HC found the first appellate authority's and Tribunal's orders to be non-speaking and devoid of reasoning, making them unsustainable. The challenge succeeded, the appellate orders were set aside, and the matter was remitted for fresh consideration after hearing both sides. The substantive taxability issue was not decided on merits. Case-Laws Income Tax Wed, 08 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396900