https://www.taxtmi.com/caselaws?id=794602 A remand and Rule 46A admission of additional evidence had already enabled examination of the assessee's claim arising from an ex parte assessment under section 144. The record showed support for indexed cost of construction and exemption under section 54, and the Assessing Officer raised no adverse finding on the house construction, valuation report, purchase of the new property, or construction withdrawals. In these circumstances, setting aside the assessment for a fresh round was unjustified. The assessee's claim of nil long-term capital gain was accepted, and no addition was warranted on that issue. en-us Thu, 25 Jun 2026 00:00:00 +0530 Wed, 08 Jul 2026 09:08:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794602 A remand and Rule 46A admission of additional evidence had already enabled examination of the assessee's claim arising from an ex parte assessment under section 144. The record showed support for indexed cost of construction and exemption under section 54, and the Assessing Officer raised no adverse finding on the house construction, valuation report, purchase of the new property, or construction withdrawals. In these circumstances, setting aside the assessment for a fresh round was unjustified. The assessee's claim of nil long-term capital gain was accepted, and no addition was warranted on that issue. Case-Laws Income Tax Thu, 25 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794602