https://www.taxtmi.com/caselaws?id=283043 The High Court directed the Tribunal to reconsider the rate of tax applicable to long-term capital gains in block assessments under section 158BC of the Income-tax Act, 1961, as it was not adequately addressed in previous orders. The Court confirmed that income below the taxable limit should not be included in the undisclosed income for the block period, ruling in favor of the assessee on this issue. en-us Mon, 14 Jul 2003 00:00:00 +0530 Wed, 04 Sep 2019 14:30:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283043 The High Court directed the Tribunal to reconsider the rate of tax applicable to long-term capital gains in block assessments under section 158BC of the Income-tax Act, 1961, as it was not adequately addressed in previous orders. The Court confirmed that income below the taxable limit should not be included in the undisclosed income for the block period, ruling in favor of the assessee on this issue. Case-Laws Income Tax Mon, 14 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283043