https://www.taxtmi.com/caselaws?id=67846 The Tribunal ruled in favor of the assessee, holding that the contribution of stock in trade towards capital did not result in taxable capital gains as the disclosed precious stones were part of the assessee's stock in trade. The excess capital contribution was justified by the market valuation of the stock, leading to the allowance of the appeal. en-us Mon, 14 Mar 1983 00:00:00 +0530 Tue, 15 Mar 2011 10:20:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67846 The Tribunal ruled in favor of the assessee, holding that the contribution of stock in trade towards capital did not result in taxable capital gains as the disclosed precious stones were part of the assessee's stock in trade. The excess capital contribution was justified by the market valuation of the stock, leading to the allowance of the appeal. Case-Laws Income Tax Mon, 14 Mar 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67846