https://www.taxtmi.com/caselaws?id=60241 The Tribunal allowed the appellant's appeal, finding that the orders made by the Assessing Officer and the Commissioner of Income Tax (Appeals) regarding the long-term capital gain for the assessment year 1994-95 were without jurisdiction. The Tribunal held that the errors in assessing the capital gains were not obvious and could not be rectified under section 154 of the Income Tax Act. It concluded that the Commissioner of Income Tax (Appeals) exceeded his jurisdiction in enhancing the capital gain, leading to the cancellation of the orders by the lower authorities. en-us Mon, 15 Mar 2004 00:00:00 +0530 Tue, 04 Jan 2011 13:37:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60241 The Tribunal allowed the appellant's appeal, finding that the orders made by the Assessing Officer and the Commissioner of Income Tax (Appeals) regarding the long-term capital gain for the assessment year 1994-95 were without jurisdiction. The Tribunal held that the errors in assessing the capital gains were not obvious and could not be rectified under section 154 of the Income Tax Act. It concluded that the Commissioner of Income Tax (Appeals) exceeded his jurisdiction in enhancing the capital gain, leading to the cancellation of the orders by the lower authorities. Case-Laws Income Tax Mon, 15 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60241