https://www.taxtmi.com/caselaws?id=65324 The Tribunal allowed the appeals of the assesses, remitting the matter to the AO to grant appropriate relief under section 112(1) of the Income Tax Act. The rejection of the application under section 154 was deemed unjustified, emphasizing the correct application of tax rates based on the chosen benefit of indexation or under the proviso to section 112(1) for long-term capital gains on the sale of shares. en-us Fri, 22 Jul 2005 00:00:00 +0530 Tue, 15 Feb 2011 10:08:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65324 The Tribunal allowed the appeals of the assesses, remitting the matter to the AO to grant appropriate relief under section 112(1) of the Income Tax Act. The rejection of the application under section 154 was deemed unjustified, emphasizing the correct application of tax rates based on the chosen benefit of indexation or under the proviso to section 112(1) for long-term capital gains on the sale of shares. Case-Laws Income Tax Fri, 22 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65324