https://www.taxtmi.com/caselaws?id=438029 The Tribunal set aside previous orders and remitted the issue back to the Assessing Officer for re-adjudication. The Assessing Officer was directed to obtain a valuation report under Section 50C(2) to determine the fair market value of the property and assess whether the gain should be treated as capital gain or business income. The appeal of the assessee was treated as allowed for statistical purposes. en-us Mon, 01 May 2023 00:00:00 +0530 Sat, 20 May 2023 08:50:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438029 The Tribunal set aside previous orders and remitted the issue back to the Assessing Officer for re-adjudication. The Assessing Officer was directed to obtain a valuation report under Section 50C(2) to determine the fair market value of the property and assess whether the gain should be treated as capital gain or business income. The appeal of the assessee was treated as allowed for statistical purposes. Case-Laws Income Tax Mon, 01 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438029