https://www.taxtmi.com/caselaws?id=306075 The Tribunal upheld the computation of short-term capital gain by including negative net worth in a slump sale case. It emphasized that net worth, whether positive or negative, must be considered in capital gain calculations. The decision aligned with statutory provisions and the intent of section 50B. The Tribunal dismissed the appeal, directing the Assessing Officer to compute capital gains following the principles established in a previous Special Bench case. en-us Tue, 15 Feb 2022 00:00:00 +0530 Sun, 08 Jan 2023 20:15:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306075 The Tribunal upheld the computation of short-term capital gain by including negative net worth in a slump sale case. It emphasized that net worth, whether positive or negative, must be considered in capital gain calculations. The decision aligned with statutory provisions and the intent of section 50B. The Tribunal dismissed the appeal, directing the Assessing Officer to compute capital gains following the principles established in a previous Special Bench case. Case-Laws Income Tax Tue, 15 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306075