https://www.taxtmi.com/caselaws?id=22695 The court affirmed the decisions on the first six issues related to the administration of the estate, validity of a single assessment on executors, taxability of annuity deposit, and market value adoption for capital gains. However, for the seventh issue concerning the computation of capital loss using exchange rates, the court directed a recalculation in favor of the assessee, resulting in a capital loss of Rs. 42,32,070 for the assessment year 1976-77. en-us Tue, 27 Nov 1990 00:00:00 +0530 Sat, 12 Dec 2009 13:35:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22695 The court affirmed the decisions on the first six issues related to the administration of the estate, validity of a single assessment on executors, taxability of annuity deposit, and market value adoption for capital gains. However, for the seventh issue concerning the computation of capital loss using exchange rates, the court directed a recalculation in favor of the assessee, resulting in a capital loss of Rs. 42,32,070 for the assessment year 1976-77. Case-Laws Income Tax Tue, 27 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22695