https://www.taxtmi.com/caselaws?id=292683 The appeals were admitted after condoning a delay of 1250 days. An additional ground asserting the land sold was rural agricultural, exempt from capital gains tax, was admitted and remitted for fresh adjudication. The Tribunal emphasized the need for a thorough verification by the Assessing Officer regarding the nature of the land sold. The appeals were partly allowed for statistical purposes, with the Tribunal focusing on ensuring correct assessment of tax liability. en-us Mon, 09 Mar 2020 00:00:00 +0530 Mon, 04 Jan 2021 19:45:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292683 The appeals were admitted after condoning a delay of 1250 days. An additional ground asserting the land sold was rural agricultural, exempt from capital gains tax, was admitted and remitted for fresh adjudication. The Tribunal emphasized the need for a thorough verification by the Assessing Officer regarding the nature of the land sold. The appeals were partly allowed for statistical purposes, with the Tribunal focusing on ensuring correct assessment of tax liability. Case-Laws Income Tax Mon, 09 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292683