https://www.taxtmi.com/caselaws?id=123021 The Tribunal concluded that the assessee's interpretation of section 50 was correct. The sale value of the machinery and plant of the Paper Division was Rs. 2,38,65,025, while the cost of additions to other divisions was Rs. 2,19,59,261. Deducting this amount resulted in nil short-term capital gains. Thus, the capital gains on the transfer of the entire machinery and plant of the Paper Division amounted to nil and were not liable to be taxed u/s 50. The appeal was dismissed. en-us Fri, 09 Jul 2010 00:00:00 +0530 Tue, 28 Aug 2012 15:48:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123021 The Tribunal concluded that the assessee's interpretation of section 50 was correct. The sale value of the machinery and plant of the Paper Division was Rs. 2,38,65,025, while the cost of additions to other divisions was Rs. 2,19,59,261. Deducting this amount resulted in nil short-term capital gains. Thus, the capital gains on the transfer of the entire machinery and plant of the Paper Division amounted to nil and were not liable to be taxed u/s 50. The appeal was dismissed. Case-Laws Income Tax Fri, 09 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123021