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of <h1>ITAT MADRAS-C accepts cost for route value, determines gross capital gains at Rs. 10,000 for 1975-76.</h1> <h3>M JAYARAM. Versus INCOME TAX OFFICER.</h3> M JAYARAM. Versus INCOME TAX OFFICER. - TTJ 012, 322, The appeal was filed against the order of assessment for the assessment year 1975-76 by the ITAT MADRAS-C. The appellant, a transport operator, sold a bus claiming the sale value included route value. The appellate tribunal accepted the appellant's contention that there was a cost for the route value, and the gross capital gains assessable were determined to be Rs. 10,000. The appeal was allowed.
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