Ahmedabad ITAT Remands LTCG Assessment; AO Directed to Consider Valuation Report and Additional Evidence

Arjunsinh Solanki Vs ITO (ITAT Ahmedabad) Ahmedabad ITAT Remands LTCG Assessment; AO Directed to Consider Valuation Report and Additional Evidence The Ahmedabad ITAT allowed the assessee’s appeal for statistical purposes, setting aside the assessment relating to long-term capital gains (LTCG) and restoring the matter to the Assessing Officer for fresh adjudication after considering the valuation report and other additional evidence produced by the assessee. The assessee, a farmer and one of twelve co-owners of agricultural land, had not filed a return of income on the belief that his sha...