https://www.taxtmi.com/caselaws?id=769931 ITAT Lucknow allowed the assessee's appeal for statistical purposes. The case involved validity of assessment order absent proper notice u/s 143(2) and LTCG computation under section 50C. The tribunal dismissed the additional ground regarding invalid notice, noting the assessee filed ITR on 29.12.2011 at assessment proceedings' end without proper explanation. However, regarding capital gains computation, the tribunal found contradictions in AO's order regarding stamp valuation versus DVO assessment. The matter was remanded to AO for fresh assessment with adequate hearing opportunity. en-us Wed, 30 Apr 2025 00:00:00 +0530 Sat, 03 May 2025 08:34:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769931 ITAT Lucknow allowed the assessee's appeal for statistical purposes. The case involved validity of assessment order absent proper notice u/s 143(2) and LTCG computation under section 50C. The tribunal dismissed the additional ground regarding invalid notice, noting the assessee filed ITR on 29.12.2011 at assessment proceedings' end without proper explanation. However, regarding capital gains computation, the tribunal found contradictions in AO's order regarding stamp valuation versus DVO assessment. The matter was remanded to AO for fresh assessment with adequate hearing opportunity. Case-Laws Income Tax Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769931