https://www.taxtmi.com/caselaws?id=254678 The High Court dismissed the appeal filed by the Revenue against the judgment of the Income Tax Appellate Tribunal. The Court upheld the Tribunal's decision regarding the application of Section 55A of the Income Tax Act, affirming that it pertains specifically to the computation of income under the head of Capital Gains. The Court found in favor of the assessee, emphasizing that the Tribunal's reasoning was in line with legal principles established by the Apex Court, ultimately affirming the Tribunal's decision on the matter. en-us Thu, 11 Dec 2014 00:00:00 +0530 Sun, 28 Dec 2014 19:02:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254678 The High Court dismissed the appeal filed by the Revenue against the judgment of the Income Tax Appellate Tribunal. The Court upheld the Tribunal's decision regarding the application of Section 55A of the Income Tax Act, affirming that it pertains specifically to the computation of income under the head of Capital Gains. The Court found in favor of the assessee, emphasizing that the Tribunal's reasoning was in line with legal principles established by the Apex Court, ultimately affirming the Tribunal's decision on the matter. Case-Laws Income Tax Thu, 11 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254678