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of <h1>High Court: Section 52(2) Income-tax Act not applicable, assessee wins. Capital gains remain Rs. 52,500.</h1> <h3>Commissioner Of Income-Tax Versus DLF. United Ltd.</h3> Commissioner Of Income-Tax Versus DLF. United Ltd. - [2001] 247 ITR 446, 169 CTR 542 The High Court of Delhi ruled in favor of the assessee, stating that section 52(2) of the Income-tax Act, 1961 was not applicable to the case. The Tribunal's decision was upheld, and the capital gains were determined at Rs. 52,500 as originally assessed. The court referred to the decision in K. P. Varghese v. ITO [1981] 131 ITR 597 to support its conclusion.
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