https://www.taxtmi.com/caselaws?id=69592 The Tribunal held that the CIT(A) erred in computing capital gains by deducting the actual cost of assets instead of the Written Down Value (WDV) as mandated by section 50. The Tribunal directed the AO to recalculate capital gains in accordance with section 50, allowing the Revenue's appeals. en-us Tue, 07 May 1996 00:00:00 +0530 Thu, 07 Apr 2011 18:04:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69592 The Tribunal held that the CIT(A) erred in computing capital gains by deducting the actual cost of assets instead of the Written Down Value (WDV) as mandated by section 50. The Tribunal directed the AO to recalculate capital gains in accordance with section 50, allowing the Revenue's appeals. Case-Laws Income Tax Tue, 07 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69592