https://www.taxtmi.com/caselaws?id=214736 The Tribunal partly allowed all appeals, rejecting the claim of mutuality benefits due to lack of evidence, taxing interest income, estimating other income at nil, and remanding the computation of long term capital gains for further assessment. The Assessing Officer's error in adding both credits and debits as income was rectified, with the Tribunal deleting double additions and requiring indexation for long term capital gains as per Supreme Court's judgment. The denial of section 54F benefits for long term capital gains exemption was upheld, emphasizing the taxable nature of compensation received based on actual receipt. en-us Thu, 28 Jun 2012 00:00:00 +0530 Tue, 10 Jul 2012 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214736 The Tribunal partly allowed all appeals, rejecting the claim of mutuality benefits due to lack of evidence, taxing interest income, estimating other income at nil, and remanding the computation of long term capital gains for further assessment. The Assessing Officer's error in adding both credits and debits as income was rectified, with the Tribunal deleting double additions and requiring indexation for long term capital gains as per Supreme Court's judgment. The denial of section 54F benefits for long term capital gains exemption was upheld, emphasizing the taxable nature of compensation received based on actual receipt. Case-Laws Income Tax Thu, 28 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214736