Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (1) TMI 1886 - AT - Income TaxComputation of Long Term Capital Gain - CIT-A taking the fair market value of land as on 01/04/1981 at ₹ 200/- per sq. yards as against ₹ 1,400/- per sq. yards claimed by assessee - HELD THAT:- In the present case, it appears that the comparable case cited by the assessee was either not brought to the notice of the authorities below or due to oversight it was not considered by the AO/Ld. CIT(A). We, therefore, deem it appropriate to restore this issue back to the file of the AO to be decided afresh in accordance with law after providing due and reasonable opportunity of being heard. The legal heirs of the deceased-assessee are also free to adduce any evidence in support of their claim. - Appeal of the assessee is allowed for statistical purpose.
|