https://www.taxtmi.com/caselaws?id=406840 The Tribunal allowed both appeals for statistical purposes. The assessees were granted condonation of delay in filing appeals attributed to their former Chartered Accountant's oversight. They were directed to pay a cost to the Income Tax Department for inactivity. Regarding the assessment of long-term capital gains on the sale of shares, the Tribunal set aside the decisions, instructing the Assessing Officer to reconsider after providing the assessees a fair chance to present their case and cross-examine witnesses. The importance of ensuring assessees have a fair opportunity to contest assessments was emphasized. en-us Fri, 23 Apr 2021 00:00:00 +0530 Sat, 24 Apr 2021 09:37:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406840 The Tribunal allowed both appeals for statistical purposes. The assessees were granted condonation of delay in filing appeals attributed to their former Chartered Accountant's oversight. They were directed to pay a cost to the Income Tax Department for inactivity. Regarding the assessment of long-term capital gains on the sale of shares, the Tribunal set aside the decisions, instructing the Assessing Officer to reconsider after providing the assessees a fair chance to present their case and cross-examine witnesses. The importance of ensuring assessees have a fair opportunity to contest assessments was emphasized. Case-Laws Income Tax Fri, 23 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406840