https://www.taxtmi.com/caselaws?id=434495 The Tribunal allowed the appeal of the assessee, recognizing their eligibility to be taxed at a reduced rate of 10% on capital gains. The decision emphasized the impact of retrospective amendments in tax laws, the duty of tax authorities to assist taxpayers in claiming reliefs, and the authority of appellate authorities to entertain claims not raised in original or revised returns. The Tribunal's ruling considered legal precedents and principles, ultimately supporting the assessee's position despite initial denials by the Assessing Officer and Commissioner of Income Tax (Appeals). en-us Wed, 22 Feb 2023 00:00:00 +0530 Fri, 24 Feb 2023 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434495 The Tribunal allowed the appeal of the assessee, recognizing their eligibility to be taxed at a reduced rate of 10% on capital gains. The decision emphasized the impact of retrospective amendments in tax laws, the duty of tax authorities to assist taxpayers in claiming reliefs, and the authority of appellate authorities to entertain claims not raised in original or revised returns. The Tribunal's ruling considered legal precedents and principles, ultimately supporting the assessee's position despite initial denials by the Assessing Officer and Commissioner of Income Tax (Appeals). Case-Laws Income Tax Wed, 22 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434495