https://www.taxtmi.com/caselaws?id=76767 The High Court upheld the Tribunal's decision in favor of the assessee regarding the computation of long term capital gains on the sale of shares, entitlement to set off losses under Section 70, and application of Section 112 in allowing indexation benefits. The appeal by the Revenue was dismissed, and no costs were awarded. The assessee realized a net long term capital gain of Rs.3.45 Crores from the sale of bonus shares of Infosys Technologies. en-us Wed, 07 Apr 2010 00:00:00 +0530 Fri, 05 Jul 2013 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76767 The High Court upheld the Tribunal's decision in favor of the assessee regarding the computation of long term capital gains on the sale of shares, entitlement to set off losses under Section 70, and application of Section 112 in allowing indexation benefits. The appeal by the Revenue was dismissed, and no costs were awarded. The assessee realized a net long term capital gain of Rs.3.45 Crores from the sale of bonus shares of Infosys Technologies. Case-Laws Income Tax Wed, 07 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76767