https://www.taxtmi.com/caselaws?id=436458 The appeal was successful in this case. The delay in filing the appeal was condoned based on the principle of substantial justice. Additionally, the tribunal allowed the rectification application regarding the computation of long term capital gains, directing the Assessing Officer to reconsider the matter. The decision underscores the significance of accurate calculations in capital gains and the availability of rectification under section 154 for correcting apparent mistakes in records. The tribunal's ruling stresses the importance of factual verification and compliance with the law in similar cases. en-us Tue, 11 Apr 2023 00:00:00 +0530 Thu, 13 Apr 2023 08:00:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436458 The appeal was successful in this case. The delay in filing the appeal was condoned based on the principle of substantial justice. Additionally, the tribunal allowed the rectification application regarding the computation of long term capital gains, directing the Assessing Officer to reconsider the matter. The decision underscores the significance of accurate calculations in capital gains and the availability of rectification under section 154 for correcting apparent mistakes in records. The tribunal's ruling stresses the importance of factual verification and compliance with the law in similar cases. Case-Laws Income Tax Tue, 11 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436458