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2021 (7) TMI 610 - AT - Income TaxCapital gain computation - specific rate applicable qua the stamp duty paid and levied - correct valuation on account of which the specific rate applicable to the undeveloped rural area - rejection of the fresh evidence sought to be raised before the CIT(A) - HELD THAT:- Assessee confined his arguments only to the issue being remanded back to the AO for determining whether the specific property sold was to be governed by the DLC Rates applicable to rural undeveloped area or the DLC rates applicable to an urban area. It is seen that no objection has been posed by the Revenue for enquiry and verification on facts, accordingly, in the light of the submissions of the parties before the Bench and on considering the facts, the request for verification of facts appears to be reasonable and thus, in the interests of substantial justice, the impugned order is set aside and the issue is restored back to the file of the AO with a direction to pass a speaking order in accordance with law after carrying out the necessary verification on facts. The assessee in its own interests is directed to ensure full and proper verification before the authorities.
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