https://www.taxtmi.com/caselaws?id=290969 The ITAT Jaipur remanded a dispute over the computation of Long Term Capital Gain by the Legal Heir of a deceased-assessee back to the AO for fresh consideration. The deceased-assessee valued a property higher than the AO's fair market value assessment based on a comparable case. The ITAT emphasized the importance of thorough evaluation and fair opportunity for presenting evidence, ultimately allowing the appeal for statistical purposes without changing the tax liability, stressing the need for a just outcome for the legal heirs. en-us Tue, 21 Jan 2014 00:00:00 +0530 Fri, 23 Oct 2020 14:07:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290969 The ITAT Jaipur remanded a dispute over the computation of Long Term Capital Gain by the Legal Heir of a deceased-assessee back to the AO for fresh consideration. The deceased-assessee valued a property higher than the AO's fair market value assessment based on a comparable case. The ITAT emphasized the importance of thorough evaluation and fair opportunity for presenting evidence, ultimately allowing the appeal for statistical purposes without changing the tax liability, stressing the need for a just outcome for the legal heirs. Case-Laws Income Tax Tue, 21 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290969