https://www.taxtmi.com/caselaws?id=248872 The court emphasized the need for a comprehensive reassessment by the Assessing Officer to ensure accurate computation of short term capital gains. Various discrepancies in asset valuation, ownership structure, and expense claims required further examination. The judgment highlighted the complexity of applying depreciation rules to depreciable assets and called for a fresh review to address the intricacies involved in the case. Certain aspects were set aside for reevaluation, underscoring the importance of a thorough review to resolve the issues raised. en-us Fri, 06 Jun 2014 00:00:00 +0530 Fri, 27 Jun 2014 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248872 The court emphasized the need for a comprehensive reassessment by the Assessing Officer to ensure accurate computation of short term capital gains. Various discrepancies in asset valuation, ownership structure, and expense claims required further examination. The judgment highlighted the complexity of applying depreciation rules to depreciable assets and called for a fresh review to address the intricacies involved in the case. Certain aspects were set aside for reevaluation, underscoring the importance of a thorough review to resolve the issues raised. Case-Laws Income Tax Fri, 06 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248872