https://www.taxtmi.com/caselaws?id=174279 The High Court of Karnataka ruled that income from long term capital gains is taxable under section 112 of the Act, not as part of book profits under section 115JA. The tribunal's decision was upheld, and section 234C was deemed inapplicable. The revenue's appeal was dismissed. en-us Mon, 26 Nov 2007 00:00:00 +0530 Mon, 05 Oct 2015 16:09:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174279 The High Court of Karnataka ruled that income from long term capital gains is taxable under section 112 of the Act, not as part of book profits under section 115JA. The tribunal's decision was upheld, and section 234C was deemed inapplicable. The revenue's appeal was dismissed. Case-Laws Income Tax Mon, 26 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174279