https://www.taxtmi.com/caselaws?id=402442 The Tribunal allowed the appeal of the assessee for statistical purposes, emphasizing the importance of procedural fairness and the right to be heard. The case involved disputes over the taxability of long-term capital gains, classification of the property as agricultural land, application of section 50C for property valuation, and the assessee's opportunity to present evidence. The Tribunal remanded the case to the Assessing Officer for a fresh assessment, stressing the need for the assessee to provide supporting evidence and objections while ensuring a fair chance to substantiate claims in line with principles of natural justice. en-us Fri, 21 Aug 2020 00:00:00 +0530 Sat, 02 Jan 2021 10:02:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402442 The Tribunal allowed the appeal of the assessee for statistical purposes, emphasizing the importance of procedural fairness and the right to be heard. The case involved disputes over the taxability of long-term capital gains, classification of the property as agricultural land, application of section 50C for property valuation, and the assessee's opportunity to present evidence. The Tribunal remanded the case to the Assessing Officer for a fresh assessment, stressing the need for the assessee to provide supporting evidence and objections while ensuring a fair chance to substantiate claims in line with principles of natural justice. Case-Laws Income Tax Fri, 21 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402442