https://www.taxtmi.com/caselaws?id=62987 The Tribunal upheld the ITO's computation of capital gains at Rs. 49,553, rejecting the appellant's use of US dollars for computation and the applicability of Rule 115. The transactions in Indian currency required capital gains to be calculated in Indian rupees. The appeal was dismissed, affirming the Commissioner (Appeals)'s decision. en-us Fri, 11 Dec 1981 00:00:00 +0530 Thu, 27 Jan 2011 10:51:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62987 The Tribunal upheld the ITO's computation of capital gains at Rs. 49,553, rejecting the appellant's use of US dollars for computation and the applicability of Rule 115. The transactions in Indian currency required capital gains to be calculated in Indian rupees. The appeal was dismissed, affirming the Commissioner (Appeals)'s decision. Case-Laws Income Tax Fri, 11 Dec 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62987