https://www.taxtmi.com/caselaws?id=328419 The Tribunal dismissed the appeal, upholding the decision to tax Rs. 7,50,000 as capital gains in the assessee's hands and to treat any future recovery from Shri A.F. Patel as taxable income. The assessment was deemed valid despite the challenge based on non-service of notice under Section 143(2). Additionally, the liability for interest under Sections 234A, 234B, and 234C was upheld. en-us Wed, 27 Apr 2016 00:00:00 +0530 Fri, 03 Jun 2016 12:10:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328419 The Tribunal dismissed the appeal, upholding the decision to tax Rs. 7,50,000 as capital gains in the assessee's hands and to treat any future recovery from Shri A.F. Patel as taxable income. The assessment was deemed valid despite the challenge based on non-service of notice under Section 143(2). Additionally, the liability for interest under Sections 234A, 234B, and 234C was upheld. Case-Laws Income Tax Wed, 27 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328419