https://www.taxtmi.com/caselaws?id=9131 The court upheld the assessment of a sum as capital gains chargeable to tax under section 45 of the Income-tax Act, 1961, relating to the compulsory acquisition of the assessee's property. The court affirmed the principle of equitable estoppel and held that the quantum of capital gains determined by the subordinate judge could be used for tax assessment purposes. Additionally, the court found that the taxing authorities could rely on the quantum established by the subordinate judge for assessment purposes, even if subsequent appeals did not alter the amount. Ultimately, the court ruled in favor of the department's assessment of capital gains in the specified assessment year. en-us Tue, 20 Feb 1973 00:00:00 +0530 Fri, 19 Jun 2009 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9131 The court upheld the assessment of a sum as capital gains chargeable to tax under section 45 of the Income-tax Act, 1961, relating to the compulsory acquisition of the assessee's property. The court affirmed the principle of equitable estoppel and held that the quantum of capital gains determined by the subordinate judge could be used for tax assessment purposes. Additionally, the court found that the taxing authorities could rely on the quantum established by the subordinate judge for assessment purposes, even if subsequent appeals did not alter the amount. Ultimately, the court ruled in favor of the department's assessment of capital gains in the specified assessment year. Case-Laws Income Tax Tue, 20 Feb 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9131