https://www.taxtmi.com/caselaws?id=188612 The High Court set aside the order disallowing relief on capital gains tax based on projections instead of actual figures. It ruled that the proposer should not absorb the difference between projections and actuals. The Court directed the Directorate of Income Tax (Recovery) to reconsider the scheme based on actual figures provided by the Petitioner, ensuring a fresh decision within eight weeks and granting the Petitioner a hearing. The Court clarified its orders did not express an opinion on the case's merits or relief sought. en-us Mon, 15 Feb 2016 00:00:00 +0530 Fri, 09 Dec 2016 10:15:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188612 The High Court set aside the order disallowing relief on capital gains tax based on projections instead of actual figures. It ruled that the proposer should not absorb the difference between projections and actuals. The Court directed the Directorate of Income Tax (Recovery) to reconsider the scheme based on actual figures provided by the Petitioner, ensuring a fresh decision within eight weeks and granting the Petitioner a hearing. The Court clarified its orders did not express an opinion on the case's merits or relief sought. Case-Laws Income Tax Mon, 15 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188612