https://www.taxtmi.com/caselaws?id=247223 The High Court upheld the decisions of the Commissioner of Income Tax (Appeals) and the ITAT, ruling in favor of the assessee regarding the disputed addition in the assessment of capital gains for the Assessment Year 2005-06. The Court agreed that the Assessing Officer erred in calculating capital gains for the 40% share that the assessee did not transfer, leading to the deletion of the additional amount. The appeal filed by the revenue under Section 260A of the Income Tax Act was dismissed, with the Court finding no substantial question of law arising from the Tribunal's order. en-us Tue, 22 Apr 2014 00:00:00 +0530 Tue, 06 May 2014 08:46:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247223 The High Court upheld the decisions of the Commissioner of Income Tax (Appeals) and the ITAT, ruling in favor of the assessee regarding the disputed addition in the assessment of capital gains for the Assessment Year 2005-06. The Court agreed that the Assessing Officer erred in calculating capital gains for the 40% share that the assessee did not transfer, leading to the deletion of the additional amount. The appeal filed by the revenue under Section 260A of the Income Tax Act was dismissed, with the Court finding no substantial question of law arising from the Tribunal's order. Case-Laws Income Tax Tue, 22 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247223