https://www.taxtmi.com/caselaws?id=265251 The tribunal partly allowed the revenue's appeal, emphasizing the determination of tax liability under section 45(2) upon the sale of stock in trade. The decision highlighted the legal provisions governing the treatment of capital losses and gains, ensuring adherence to the Income Tax Act's requirements. en-us Fri, 22 Aug 2014 00:00:00 +0530 Fri, 09 Oct 2015 08:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265251 The tribunal partly allowed the revenue's appeal, emphasizing the determination of tax liability under section 45(2) upon the sale of stock in trade. The decision highlighted the legal provisions governing the treatment of capital losses and gains, ensuring adherence to the Income Tax Act's requirements. Case-Laws Income Tax Fri, 22 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265251