https://www.taxtmi.com/caselaws?id=353648 The Tribunal partly allowed the assessee's appeal by reducing the disallowance of travelling expenses to Rs. 4,654, granting partial relief of Rs. 10,000. It upheld the calculation of Long Term Capital Gain on the sale of gold based on the indexed cost of acquisition determined by the ld. CIT(A). The decision emphasized fairness and justice in determining the disallowance amount and relied on a thorough analysis of the purchase and sale transactions of gold. en-us Mon, 30 Oct 2017 00:00:00 +0530 Tue, 09 Jan 2018 08:19:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353648 The Tribunal partly allowed the assessee's appeal by reducing the disallowance of travelling expenses to Rs. 4,654, granting partial relief of Rs. 10,000. It upheld the calculation of Long Term Capital Gain on the sale of gold based on the indexed cost of acquisition determined by the ld. CIT(A). The decision emphasized fairness and justice in determining the disallowance amount and relied on a thorough analysis of the purchase and sale transactions of gold. Case-Laws Income Tax Mon, 30 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353648