https://www.taxtmi.com/caselaws?id=401099 The Tribunal allowed the appeal, setting aside the Commissioner (Appeals)'s order and remanding the issue to the Assessing Officer for a decision on the taxability of long term capital gain at 20% instead of 30%. The Tribunal emphasized the authority to entertain fresh claims based on relevant facts, citing legal precedents. The Assessing Officer was directed to provide a reasonable opportunity for the assessee to be heard. The appeal was allowed in favor of the assessee, stressing the importance of considering claims on their merits and ensuring a fair hearing process. en-us Wed, 07 Oct 2020 00:00:00 +0530 Thu, 26 Nov 2020 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401099 The Tribunal allowed the appeal, setting aside the Commissioner (Appeals)'s order and remanding the issue to the Assessing Officer for a decision on the taxability of long term capital gain at 20% instead of 30%. The Tribunal emphasized the authority to entertain fresh claims based on relevant facts, citing legal precedents. The Assessing Officer was directed to provide a reasonable opportunity for the assessee to be heard. The appeal was allowed in favor of the assessee, stressing the importance of considering claims on their merits and ensuring a fair hearing process. Case-Laws Income Tax Wed, 07 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401099