https://www.taxtmi.com/caselaws?id=463178 The ITAT restored the appeal to the Assessing Officer for fresh adjudication on the merits, as both the AO and CIT(A) had passed ex parte orders. The addition under Section 50C was based on stamp duty valuation for the assessee's 1/4th share in the property. The Tribunal held that the assessee deserved another opportunity to contest the capital gains addition. Further, the delay in filing the appeal was condoned due to incorrect advice from the Chartered Accountant, aligning with precedents that delay caused without gross negligence or malafide intention should be condoned. en-us Wed, 06 Mar 2024 00:00:00 +0530 Mon, 11 Aug 2025 20:56:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463178 The ITAT restored the appeal to the Assessing Officer for fresh adjudication on the merits, as both the AO and CIT(A) had passed ex parte orders. The addition under Section 50C was based on stamp duty valuation for the assessee's 1/4th share in the property. The Tribunal held that the assessee deserved another opportunity to contest the capital gains addition. Further, the delay in filing the appeal was condoned due to incorrect advice from the Chartered Accountant, aligning with precedents that delay caused without gross negligence or malafide intention should be condoned. Case-Laws Income Tax Wed, 06 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463178