ITAT directs re-adjudication with respect to LTCG of sold  property which canceled by Civil court [Read Order]

ITAT - re-adjudication - LTCG - ITAT directs readjudication with respect to LTCG - Civil court - taxscan

The Bangalore  bench of Income Tax Appellate Tribunal (ITAT) directs re-adjudication with respect to Long Term Capital Gain of sold property which was canceled by the civil court.  The Assessee Mangalagiri Tulasi,filed the appeal before the tribunal against the order passed under section 250 of the Income Tax Act, 1961 regarding the taxability of a…

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