https://www.taxtmi.com/caselaws?id=220712 The Tribunal dismissed both the assessee's and the department's appeals, upholding the exclusion of deposits and prepaid expenses from the cost of industrial galas for short-term capital gains computation. It allowed partial relief on the written down value (WDV) of certain assets, agreeing with the CIT(A)'s decision. The Tribunal found that the deposits and expenses were not part of the sales consideration for the industrial units and that the approach taken by the CIT(A) was reasonable and sustained the findings. en-us Wed, 12 Dec 2012 00:00:00 +0530 Wed, 06 Feb 2013 08:08:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220712 The Tribunal dismissed both the assessee's and the department's appeals, upholding the exclusion of deposits and prepaid expenses from the cost of industrial galas for short-term capital gains computation. It allowed partial relief on the written down value (WDV) of certain assets, agreeing with the CIT(A)'s decision. The Tribunal found that the deposits and expenses were not part of the sales consideration for the industrial units and that the approach taken by the CIT(A) was reasonable and sustained the findings. Case-Laws Income Tax Wed, 12 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220712