https://www.taxtmi.com/caselaws?id=408641 The Tribunal condoned the delay in filing the appeal due to oversight, allowing adjudication on merits. The application of Section 50C for capital gains computation was upheld, leading to assessment at a specific amount. The Tribunal remitted the matter back to the AO for fresh consideration due to the senior citizen assessee's hardships, granting another opportunity to present the case effectively. The decision emphasized fairness, legal principles, and individual circumstances, ensuring due process in the assessment proceedings. en-us Mon, 14 Jun 2021 00:00:00 +0530 Thu, 17 Jun 2021 11:08:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408641 The Tribunal condoned the delay in filing the appeal due to oversight, allowing adjudication on merits. The application of Section 50C for capital gains computation was upheld, leading to assessment at a specific amount. The Tribunal remitted the matter back to the AO for fresh consideration due to the senior citizen assessee's hardships, granting another opportunity to present the case effectively. The decision emphasized fairness, legal principles, and individual circumstances, ensuring due process in the assessment proceedings. Case-Laws Income Tax Mon, 14 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408641