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2021 (6) TMI 512 - AT - Income TaxCapital gain computation - transfer in the case of appellant and See 50C applicability - AO after giving deduction for indexed cost of acquisition arrived at the long term capital figure - HELD THAT:- At the time hearing before us, the learned AR submitted that dispute with regard to the receipt of sale consideration by the assessee is pending before Civil Court and accordingly, prayed for keeping this appeal in abeyance till the disposal of the dispute by the Civil court on the aspect of consideration as the same would have a bearing on the impugned issues. With the consent of both the parties before us, we deem it fit and appropriate to remand this appeal to the file of the learned Assessing Officer for denovo adjudication to decide the issue in dispute in accordance with law and based on the final outcome of the dispute before the Civil Court from time to time. The assessee is also directed to report the status of proceedings before the Civil Court to the learned Assessing Officer from time to time. Accordingly, the grounds raised by the assessee are allowed for statistical purposes.
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