https://www.taxtmi.com/caselaws?id=245800 The tribunal upheld the decision of the Ld CIT(A) regarding the non-deduction of Rs.12 lakhs from the sale consideration for calculating capital gains, emphasizing that furniture and fixture are not considered capital assets. The absence of mention of furniture sale in the deeds indicated that it was not part of the property sold, leading to the dismissal of the appeal. en-us Fri, 04 Apr 2014 00:00:00 +0530 Tue, 08 Apr 2014 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245800 The tribunal upheld the decision of the Ld CIT(A) regarding the non-deduction of Rs.12 lakhs from the sale consideration for calculating capital gains, emphasizing that furniture and fixture are not considered capital assets. The absence of mention of furniture sale in the deeds indicated that it was not part of the property sold, leading to the dismissal of the appeal. Case-Laws Income Tax Fri, 04 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245800