2012 (11) TMI 1256 - AT - Income Tax

Summary

The Appellate Tribunal ITAT Delhi allowed the appeal of the assessee against the addition of Rs. 56,37,567 made by the Assessing Officer for erroneous claim of cost of improvement under Income from capital gain. The Tribunal found that proper opportunity of being heard was not provided at the level of CIT (A) and directed the issue to be restored for fresh decision after providing such opportunity to the assessee. The appeal was allowed for statistical purposes.