https://www.taxtmi.com/caselaws?id=423726 The additional ground concerned whether a later district court order affected the validity of the conveyance deed and, in turn, the existence of a capital asset for capital gains purposes on the relevant date. Because the later judicial order and the cancellation proceedings were not examined by the lower authorities, fresh consideration was required. The matter was therefore restored to the Assessing Officer for reconsideration after taking the subsequent order and connected proceedings into account, with an opportunity to the assessee. The additional ground was admitted and all other contentions were left open. en-us Fri, 10 Jun 2022 00:00:00 +0530 Mon, 13 Jun 2022 14:08:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423726 The additional ground concerned whether a later district court order affected the validity of the conveyance deed and, in turn, the existence of a capital asset for capital gains purposes on the relevant date. Because the later judicial order and the cancellation proceedings were not examined by the lower authorities, fresh consideration was required. The matter was therefore restored to the Assessing Officer for reconsideration after taking the subsequent order and connected proceedings into account, with an opportunity to the assessee. The additional ground was admitted and all other contentions were left open. Case-Laws Income Tax Fri, 10 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423726