https://www.taxtmi.com/caselaws?id=12021 The court upheld the Commissioner's order, dismissing the petitioner's challenge regarding the refund of on money impacting capital gains computation for the assessment year 1996-97. The court found lack of evidence supporting the petitioner's claims and rejected the argument of double taxation, emphasizing the distinct nature of income sources in the relevant years. Additionally, the court dismissed the revision petition dated January 18, 2000, regarding indexed cost of acquisition and interest under section 234B, allowing the petitioner the option to file a separate petition on the matter. en-us Thu, 13 Dec 2001 00:00:00 +0530 Sun, 14 Feb 2010 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12021 The court upheld the Commissioner's order, dismissing the petitioner's challenge regarding the refund of on money impacting capital gains computation for the assessment year 1996-97. The court found lack of evidence supporting the petitioner's claims and rejected the argument of double taxation, emphasizing the distinct nature of income sources in the relevant years. Additionally, the court dismissed the revision petition dated January 18, 2000, regarding indexed cost of acquisition and interest under section 234B, allowing the petitioner the option to file a separate petition on the matter. Case-Laws Income Tax Thu, 13 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12021