https://www.taxtmi.com/caselaws?id=447303 The HC quashed the impugned order concerning the unexplained Rs. 35 lakhs, requiring the petitioner to pay the determined capital gain within 30 days, waiving the limitation issue under the Act. The court instructed the Assessing Officer to provide a computation of income within four weeks. The petitioner must pay the computed amount within four weeks thereafter but retains the right to challenge the income computation after payment. en-us Mon, 18 Dec 2023 00:00:00 +0530 Fri, 22 Dec 2023 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447303 The HC quashed the impugned order concerning the unexplained Rs. 35 lakhs, requiring the petitioner to pay the determined capital gain within 30 days, waiving the limitation issue under the Act. The court instructed the Assessing Officer to provide a computation of income within four weeks. The petitioner must pay the computed amount within four weeks thereafter but retains the right to challenge the income computation after payment. Case-Laws Income Tax Mon, 18 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447303