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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Computation of profit on transfer of business capital asset distinguishes block-level and single-asset formulas for taxable profit.</h1> Taxable profit for a business capital asset within a scheduled block is A minus B and C: amount accrued or received (including scrap) less opening written down value of the block and the actual cost of assets acquired during the year; a negative result is treated as nil. For assets outside such a block, taxable profit is amount accrued or received (including scrap) less the asset's actual cost.

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