https://www.taxtmi.com/caselaws?id=155782 The Tribunal allowed the assessee's appeal partly by setting aside the additions made by the authorities. The Tribunal held that Section 50 should have been applied instead of Section 50C for computing short-term capital gains on the sale of office premises. Additionally, the Tribunal deleted the additions related to municipal tax paid, telephone expenses, and inspection expenses, finding them either unjustified or excessive. As a result, the Tribunal partially allowed the assessee's appeal. en-us Fri, 13 Nov 2009 00:00:00 +0530 Sat, 07 Sep 2013 16:48:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155782 The Tribunal allowed the assessee's appeal partly by setting aside the additions made by the authorities. The Tribunal held that Section 50 should have been applied instead of Section 50C for computing short-term capital gains on the sale of office premises. Additionally, the Tribunal deleted the additions related to municipal tax paid, telephone expenses, and inspection expenses, finding them either unjustified or excessive. As a result, the Tribunal partially allowed the assessee's appeal. Case-Laws Income Tax Fri, 13 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155782