https://www.taxtmi.com/caselaws?id=306174 The Tribunal ruled in favor of the assessee, allowing the appeal regarding the computation of Short Term Capital Gain on slump sale and excluding the bank liability from net worth calculation. The judgment emphasized the significance of considering the actual application of sale proceeds and the discharge of liabilities in determining net worth for capital gains assessment. en-us Mon, 04 Jan 2021 00:00:00 +0530 Sun, 15 Jan 2023 14:51:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306174 The Tribunal ruled in favor of the assessee, allowing the appeal regarding the computation of Short Term Capital Gain on slump sale and excluding the bank liability from net worth calculation. The judgment emphasized the significance of considering the actual application of sale proceeds and the discharge of liabilities in determining net worth for capital gains assessment. Case-Laws Income Tax Mon, 04 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306174