https://www.taxtmi.com/caselaws?id=432002 The tribunal allowed the appellant's appeal for statistical purposes, directing the appellant to produce bank statements for specific transactions to enable a fresh assessment regarding the assessment of Long Term Capital Gain and the application of Section 50C of the Income Tax Act, 1961. The tribunal emphasized the importance of bank statements as evidence for accurate computation of capital gains, highlighting the significance of supporting documentation in tax assessments for fairness and compliance with statutory provisions. en-us Wed, 21 Dec 2022 00:00:00 +0530 Mon, 26 Dec 2022 09:10:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432002 The tribunal allowed the appellant's appeal for statistical purposes, directing the appellant to produce bank statements for specific transactions to enable a fresh assessment regarding the assessment of Long Term Capital Gain and the application of Section 50C of the Income Tax Act, 1961. The tribunal emphasized the importance of bank statements as evidence for accurate computation of capital gains, highlighting the significance of supporting documentation in tax assessments for fairness and compliance with statutory provisions. Case-Laws Income Tax Wed, 21 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432002