Adjustment of ₹31.22 Lakh to LTCG: ITAT Remands Case to CIT(A) With One Final Opportunity

The ITAT has remanded a case back to the Commissioner of Income Tax (Appeals) with a "one final opportunity" to adjust a ₹31.22 lakh Long Term Capital Gain (LTCG). The tribunal found that the taxpayer had not been given a fair chance to present their case and that the CIT(A) had failed to properly examine the evidence. The decision emphasizes the importance of providing adequate opportunities to taxpayers and ensuring that appellate authorities conduct a thorough and fair review of the facts.