https://www.taxtmi.com/caselaws?id=253848 The High Court dismissed the appeal, affirming that the Rs. 12 lakhs paid for fixtures and fittings were not deductible from the sale consideration for computing capital gains. The court agreed that the items constituted personal effects and were excluded from the definition of a capital asset under Section 2(14) of the Income Tax Act. The decision was based on factual findings, and no significant legal question was raised. The appeal was dismissed without costs. en-us Wed, 03 Dec 2014 00:00:00 +0530 Fri, 05 Dec 2014 12:50:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253848 The High Court dismissed the appeal, affirming that the Rs. 12 lakhs paid for fixtures and fittings were not deductible from the sale consideration for computing capital gains. The court agreed that the items constituted personal effects and were excluded from the definition of a capital asset under Section 2(14) of the Income Tax Act. The decision was based on factual findings, and no significant legal question was raised. The appeal was dismissed without costs. Case-Laws Income Tax Wed, 03 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253848