https://www.taxtmi.com/caselaws?id=425302 The Tribunal allowed the appeal of the assessee for statistical purposes only, condoning the delay in filing the appeal due to reasonable cause. The Tribunal directed the Assessing Officer to grant deduction based on the indexed value as of 01/04/1981 for the fair market value, assess long term capital gain considering indexation cost, and ensure adequacy of grounds of appeal. The Assessing Officer was instructed to provide a hearing to the assessee and pass the order accordingly, based on the Tribunal's directions. en-us Fri, 15 Jul 2022 00:00:00 +0530 Wed, 20 Jul 2022 09:24:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425302 The Tribunal allowed the appeal of the assessee for statistical purposes only, condoning the delay in filing the appeal due to reasonable cause. The Tribunal directed the Assessing Officer to grant deduction based on the indexed value as of 01/04/1981 for the fair market value, assess long term capital gain considering indexation cost, and ensure adequacy of grounds of appeal. The Assessing Officer was instructed to provide a hearing to the assessee and pass the order accordingly, based on the Tribunal's directions. Case-Laws Income Tax Fri, 15 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425302