https://www.taxtmi.com/caselaws?id=346121 The Tribunal ruled in favor of the appellant regarding the computation of short term capital gains under section 50(1) of the Income Tax Act, aligning with the appellant's position that assets with the same depreciation rate constitute a block of assets. The Tribunal allowed the appeal, citing relevant case laws and emphasizing the uniform depreciation rate as a basis for merging asset blocks. en-us Fri, 28 Apr 2017 00:00:00 +0530 Thu, 03 Aug 2017 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346121 The Tribunal ruled in favor of the appellant regarding the computation of short term capital gains under section 50(1) of the Income Tax Act, aligning with the appellant's position that assets with the same depreciation rate constitute a block of assets. The Tribunal allowed the appeal, citing relevant case laws and emphasizing the uniform depreciation rate as a basis for merging asset blocks. Case-Laws Income Tax Fri, 28 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346121