Dispute of capital gains was remanded to AO as he failed to uphold Principles of Justice

Harwant Singh Grewal Vs ITO (ITAT Chandigarh)

Conclusion: Matter of capital gains taxation involving assessee-agriculturist was remanded back to AO for a fresh assessment as both AO and CIT(A) had failed to consider foundational legal issues and assessee was a semi­literate person, not well versed with the income tax proceedings, therefore, it was the duty of AO to apprise him the correct position instead of putting an extra tax liability because of his ignorance.

Held: Assessee had filed his income tax return declaring an income of ₹2,13

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