https://www.taxtmi.com/caselaws?id=427704 The ITAT Raipur set aside the CIT(A)'s decision to restrict the deduction claimed on account of cost of improvement after indexation in the case concerning long-term capital gains. The ITAT directed a de novo appellate proceeding, emphasizing the necessity for the CIT(A) to decide the appeal on its merits and provide a reasonable opportunity of being heard to the assessee. Additionally, the ITAT allowed the appeal for statistical purposes in another issue related to the addition of long-term capital gain without incriminating material found post search, directing a de novo appellate proceeding with a fair opportunity for the assessee to be heard. en-us Fri, 09 Sep 2022 00:00:00 +0530 Wed, 14 Sep 2022 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427704 The ITAT Raipur set aside the CIT(A)'s decision to restrict the deduction claimed on account of cost of improvement after indexation in the case concerning long-term capital gains. The ITAT directed a de novo appellate proceeding, emphasizing the necessity for the CIT(A) to decide the appeal on its merits and provide a reasonable opportunity of being heard to the assessee. Additionally, the ITAT allowed the appeal for statistical purposes in another issue related to the addition of long-term capital gain without incriminating material found post search, directing a de novo appellate proceeding with a fair opportunity for the assessee to be heard. Case-Laws Income Tax Fri, 09 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427704