https://www.taxtmi.com/caselaws?id=186051 The Tribunal ruled in favor of the assessee regarding the computation of capital gains, directing a re-computation based on legal discussions. The issue of disallowance of interest claimed was remitted for fresh adjudication. Various expenses were either dismissed or directed for further consideration based on legal precedents. Disallowances of vehicle maintenance expenses, foreign travel expenses, and gift distribution expenses were deleted. Other issues were dismissed as not pressed or subject to verification. The treatment of a special capital incentive as a capital receipt was upheld. en-us Thu, 30 Jun 2011 00:00:00 +0530 Tue, 06 Sep 2016 15:53:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186051 The Tribunal ruled in favor of the assessee regarding the computation of capital gains, directing a re-computation based on legal discussions. The issue of disallowance of interest claimed was remitted for fresh adjudication. Various expenses were either dismissed or directed for further consideration based on legal precedents. Disallowances of vehicle maintenance expenses, foreign travel expenses, and gift distribution expenses were deleted. Other issues were dismissed as not pressed or subject to verification. The treatment of a special capital incentive as a capital receipt was upheld. Case-Laws Income Tax Thu, 30 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186051