https://www.taxtmi.com/caselaws?id=430001 The High Court directed the ITAT to verify the distance of land for capital gains assessment from the outskirts of Jaipur. The ITAT remanded the matter to the Assessing Officer for lack of evidence, contrary to the High Court's directive. The High Court found the ITAT erred, emphasizing the ITAT's duty to independently verify the distance and make findings. The ITAT's decision to remand the matter was set aside, and it was directed to record findings on the distance within a specified timeframe. The case underscores the importance of following court directives and properly considering evidence in tax assessment matters. en-us Wed, 02 Nov 2022 00:00:00 +0530 Wed, 09 Nov 2022 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430001 The High Court directed the ITAT to verify the distance of land for capital gains assessment from the outskirts of Jaipur. The ITAT remanded the matter to the Assessing Officer for lack of evidence, contrary to the High Court's directive. The High Court found the ITAT erred, emphasizing the ITAT's duty to independently verify the distance and make findings. The ITAT's decision to remand the matter was set aside, and it was directed to record findings on the distance within a specified timeframe. The case underscores the importance of following court directives and properly considering evidence in tax assessment matters. Case-Laws Income Tax Wed, 02 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430001