https://www.taxtmi.com/caselaws?id=337902 The tribunal upheld the addition of Rs. 252.61 crores due to negative net worth for computing capital gains under section 50B. The disallowance of Rs. 18.43 crores claimed as expenses was deleted, and the slump sale consideration was enhanced from Rs. 143.21 crores to Rs. 186.58 crores. Deduction of Rs. 2.79 crores was allowed, treating short-term capital gains as long-term. The disallowance of Rs. 48.71 lakhs under section 14A was rejected. Appeals by both parties were dismissed on 06th January 2017. en-us Fri, 06 Jan 2017 00:00:00 +0530 Thu, 19 Jan 2017 09:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337902 The tribunal upheld the addition of Rs. 252.61 crores due to negative net worth for computing capital gains under section 50B. The disallowance of Rs. 18.43 crores claimed as expenses was deleted, and the slump sale consideration was enhanced from Rs. 143.21 crores to Rs. 186.58 crores. Deduction of Rs. 2.79 crores was allowed, treating short-term capital gains as long-term. The disallowance of Rs. 48.71 lakhs under section 14A was rejected. Appeals by both parties were dismissed on 06th January 2017. Case-Laws Income Tax Fri, 06 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337902