https://www.taxtmi.com/caselaws?id=64379 The Tribunal partially allowed the assessee's appeal, directing the AO to recompute the short-term capital gain by considering the market value of the shares instead of the face value. The Tribunal emphasized compliance with Section 50B(3) and instructed the AO to obtain a report from an accountant for net worth computation. Additionally, the Tribunal ordered the recalibration of interest under Sections 234B and 234C in line with the revised capital gain calculation. en-us Fri, 20 Jul 2007 00:00:00 +0530 Tue, 10 Jul 2012 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64379 The Tribunal partially allowed the assessee's appeal, directing the AO to recompute the short-term capital gain by considering the market value of the shares instead of the face value. The Tribunal emphasized compliance with Section 50B(3) and instructed the AO to obtain a report from an accountant for net worth computation. Additionally, the Tribunal ordered the recalibration of interest under Sections 234B and 234C in line with the revised capital gain calculation. Case-Laws Income Tax Fri, 20 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64379