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        High Court affirms Tribunal's ruling on tax capital gains re-computation under Income Tax Act

        PR. COMMISSIONER OF INCOME TAX (CENTRAL) -2 Versus RAM NARIAN JINDAL

        PR. COMMISSIONER OF INCOME TAX (CENTRAL) -2 Versus RAM NARIAN JINDAL - TMI The High Court dismissed the appeal by the Revenue against the order of the Income Tax Appellate Tribunal (ITAT) regarding re-computation of capital gains under Section 153A of the Income Tax Act. The ITAT decision followed the precedent set in Commissioner of Income Tax vs. Kabul Chawla. No substantial question of law arose for consideration.

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