https://www.taxtmi.com/caselaws?id=757230 The Delhi HC set aside the ITAT order regarding Section 50C applicability and multiplicative factor determination for property sale. The HC found that the ITAT failed to provide adequate reasoning while affirming the CIT(A)'s decision that multiplicative factor of 1 applied to the assessee's property transaction. Due to lack of proper reasoning by the ITAT, the HC allowed the appeal and remanded the matter back to the ITAT for fresh adjudication, leaving all questions open for reconsideration. en-us Tue, 06 Aug 2024 00:00:00 +0530 Thu, 22 Aug 2024 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757230 The Delhi HC set aside the ITAT order regarding Section 50C applicability and multiplicative factor determination for property sale. The HC found that the ITAT failed to provide adequate reasoning while affirming the CIT(A)'s decision that multiplicative factor of 1 applied to the assessee's property transaction. Due to lack of proper reasoning by the ITAT, the HC allowed the appeal and remanded the matter back to the ITAT for fresh adjudication, leaving all questions open for reconsideration. Case-Laws Income Tax Tue, 06 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757230