https://www.taxtmi.com/caselaws?id=402347 The Tribunal remanded the case to the Assessing Officer for a fresh decision on the addition of long term capital gain on the sale of land under section 50C of the Income Tax Act, 1961. The Assessing Officer was directed to refer the matter to the departmental valuation officer for verification. The appeal of the assessee was allowed for statistical purposes, providing an opportunity for a more thorough examination of the valuation and legal issues involved in the sale transaction. en-us Thu, 10 Dec 2020 00:00:00 +0530 Wed, 30 Dec 2020 11:32:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402347 The Tribunal remanded the case to the Assessing Officer for a fresh decision on the addition of long term capital gain on the sale of land under section 50C of the Income Tax Act, 1961. The Assessing Officer was directed to refer the matter to the departmental valuation officer for verification. The appeal of the assessee was allowed for statistical purposes, providing an opportunity for a more thorough examination of the valuation and legal issues involved in the sale transaction. Case-Laws Income Tax Thu, 10 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402347