https://www.taxtmi.com/caselaws?id=402628 The Tribunal allowed two appeals against orders of Ld. CIT(A)-3, Ludhiana, relating to the addition of long term capital gains under section 68 of the Income Tax Act. The delay in filing the appeals was condoned due to administrative oversight. The Assessee's arguments on legitimate trading were not adequately considered, leading to a breach of natural justice. The case was remanded for fresh adjudication, emphasizing the importance of fair proceedings and adherence to natural justice principles in tax assessments. en-us Thu, 15 Oct 2020 00:00:00 +0530 Fri, 08 Jan 2021 10:19:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402628 The Tribunal allowed two appeals against orders of Ld. CIT(A)-3, Ludhiana, relating to the addition of long term capital gains under section 68 of the Income Tax Act. The delay in filing the appeals was condoned due to administrative oversight. The Assessee's arguments on legitimate trading were not adequately considered, leading to a breach of natural justice. The case was remanded for fresh adjudication, emphasizing the importance of fair proceedings and adherence to natural justice principles in tax assessments. Case-Laws Income Tax Thu, 15 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402628