https://www.taxtmi.com/caselaws?id=15358 The High Court affirmed the Tribunal's decisions on the computation of capital gains and the disallowance of advertisement expenditure under the Income-tax Act. It was held that the cost of acquisition by the new firm should be considered for computing capital gains. The disallowance of advertisement expenditure was upheld based on the law applicable at the commencement of the assessment year. The parties were directed to bear their respective costs. en-us Wed, 11 Feb 1998 00:00:00 +0530 Thu, 06 Aug 2009 10:55:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15358 The High Court affirmed the Tribunal's decisions on the computation of capital gains and the disallowance of advertisement expenditure under the Income-tax Act. It was held that the cost of acquisition by the new firm should be considered for computing capital gains. The disallowance of advertisement expenditure was upheld based on the law applicable at the commencement of the assessment year. The parties were directed to bear their respective costs. Case-Laws Income Tax Wed, 11 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15358