https://www.taxtmi.com/caselaws?id=406844 The High Court remitted the matter to the Assessing Officer for fresh assessment regarding the entitlement to adjust the indexed cost of acquisition under the Income Tax Act, 1961 for the assessment year 2007-08. The Court found the Tribunal's findings on the existence of trees before 1981 lacking in evidence and remanded the case for factual adjudication, setting aside previous orders and keeping all contentions open. The Court refrained from addressing the substantial questions of law, directing a fresh assessment based on available evidence. en-us Mon, 22 Mar 2021 00:00:00 +0530 Sat, 24 Apr 2021 09:37:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406844 The High Court remitted the matter to the Assessing Officer for fresh assessment regarding the entitlement to adjust the indexed cost of acquisition under the Income Tax Act, 1961 for the assessment year 2007-08. The Court found the Tribunal's findings on the existence of trees before 1981 lacking in evidence and remanded the case for factual adjudication, setting aside previous orders and keeping all contentions open. The Court refrained from addressing the substantial questions of law, directing a fresh assessment based on available evidence. Case-Laws Income Tax Mon, 22 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406844