https://www.taxtmi.com/caselaws?id=20539 The High Court ruled in favor of the assessee on the primary issues, determining that the receipt of Rs. 24.92 lakhs was not considered capital gains and that the cost of plant and machinery should not be reduced by this amount. However, the Court ruled in favor of the Revenue on the issue of the applicability of sections 33 and 43(1) versus sections 43A(1) and (2), based on a Supreme Court precedent. en-us Thu, 04 Mar 1993 00:00:00 +0530 Sat, 14 Nov 2009 15:47:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20539 The High Court ruled in favor of the assessee on the primary issues, determining that the receipt of Rs. 24.92 lakhs was not considered capital gains and that the cost of plant and machinery should not be reduced by this amount. However, the Court ruled in favor of the Revenue on the issue of the applicability of sections 33 and 43(1) versus sections 43A(1) and (2), based on a Supreme Court precedent. Case-Laws Income Tax Thu, 04 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20539