https://www.taxtmi.com/caselaws?id=434005 The ITAT allowed the appeal, remanding the matter back to the AO for a fresh assessment. The AO's reliance on unverified evidence collected without confronting the assessee was deemed flawed. The disallowance of exemption for capital gain from agricultural land was challenged, with the AO contending the land was not agricultural. The failure to consider an alternate LTCG exemption claim was also addressed. The ITAT emphasized the importance of allowing the assessee to rebut evidence and confront witnesses for a fair hearing. en-us Mon, 13 Feb 2023 00:00:00 +0530 Wed, 15 Feb 2023 08:54:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434005 The ITAT allowed the appeal, remanding the matter back to the AO for a fresh assessment. The AO's reliance on unverified evidence collected without confronting the assessee was deemed flawed. The disallowance of exemption for capital gain from agricultural land was challenged, with the AO contending the land was not agricultural. The failure to consider an alternate LTCG exemption claim was also addressed. The ITAT emphasized the importance of allowing the assessee to rebut evidence and confront witnesses for a fair hearing. Case-Laws Income Tax Mon, 13 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434005