https://www.taxtmi.com/caselaws?id=261201 The Tribunal concluded that there was a transfer of capital asset in the assessment year, resulting in capital gain. However, the A.O. was directed to reconsider the computation of capital gain and eligibility for deductions in accordance with the Ld. CIT(A)'s findings on fair market value and indexed cost of acquisition, ensuring a fair hearing for the assessee. The appeal by the department was allowed for statistical purposes, with directions for reassessment. en-us Fri, 26 Jun 2015 00:00:00 +0530 Mon, 06 Jul 2015 08:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261201 The Tribunal concluded that there was a transfer of capital asset in the assessment year, resulting in capital gain. However, the A.O. was directed to reconsider the computation of capital gain and eligibility for deductions in accordance with the Ld. CIT(A)'s findings on fair market value and indexed cost of acquisition, ensuring a fair hearing for the assessee. The appeal by the department was allowed for statistical purposes, with directions for reassessment. Case-Laws Income Tax Fri, 26 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261201