https://www.taxtmi.com/caselaws?id=173591 The court held that the amount received by the assessee was taxable as capital gains, as there was a sale or transfer of managing agency rights. However, the court found that the capital gains were not correctly computed and ordered a fresh computation, overturning the previous decision. The assessee was directed to pay half of the costs incurred by the department. en-us Tue, 17 Jul 1962 00:00:00 +0530 Thu, 17 Sep 2015 18:31:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173591 The court held that the amount received by the assessee was taxable as capital gains, as there was a sale or transfer of managing agency rights. However, the court found that the capital gains were not correctly computed and ordered a fresh computation, overturning the previous decision. The assessee was directed to pay half of the costs incurred by the department. Case-Laws Income Tax Tue, 17 Jul 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173591