https://www.taxtmi.com/caselaws?id=410338 The Tribunal allowed the appeals, setting aside the orders of the CIT(A) and the Assessing Officer. The cases were remanded for recalculating long-term capital gains using an average land rate of Rs. 77,500 per kanal and granting appropriate deductions under Section 54B. Legal issues regarding the reopening of assessments were not addressed, deemed irrelevant due to the decision on merits. en-us Tue, 20 Jul 2021 00:00:00 +0530 Thu, 16 Sep 2021 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410338 The Tribunal allowed the appeals, setting aside the orders of the CIT(A) and the Assessing Officer. The cases were remanded for recalculating long-term capital gains using an average land rate of Rs. 77,500 per kanal and granting appropriate deductions under Section 54B. Legal issues regarding the reopening of assessments were not addressed, deemed irrelevant due to the decision on merits. Case-Laws Income Tax Tue, 20 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410338