https://www.taxtmi.com/caselaws?id=127838 The case involved issues of re-opening of assessment, addition of loss on sale of investment, and computation of profit under section 115JA. The ground concerning re-opening of assessment was withdrawn. Regarding the loss on sale of investment, the Tribunal remanded the matter to the Assessing Officer for re-examination based on the assessment records of the amalgamating company. In terms of profit computation under section 115JA, the Tribunal upheld the Assessing Officer's decision, rejecting the assessee's argument. The appeal was partly allowed, with the issue of loss on sale of investment remanded for re-examination and the computation of profit under section 115JA upheld as per the Assessing Officer's determination. en-us Wed, 24 Dec 2008 00:00:00 +0530 Tue, 11 Jun 2013 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127838 The case involved issues of re-opening of assessment, addition of loss on sale of investment, and computation of profit under section 115JA. The ground concerning re-opening of assessment was withdrawn. Regarding the loss on sale of investment, the Tribunal remanded the matter to the Assessing Officer for re-examination based on the assessment records of the amalgamating company. In terms of profit computation under section 115JA, the Tribunal upheld the Assessing Officer's decision, rejecting the assessee's argument. The appeal was partly allowed, with the issue of loss on sale of investment remanded for re-examination and the computation of profit under section 115JA upheld as per the Assessing Officer's determination. Case-Laws Income Tax Wed, 24 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127838