https://www.taxtmi.com/caselaws?id=437504 The Tribunal upheld the Assessing Officer's decision on the assessment of total income and computation of capital gains, dismissing the assessee's challenge. The Tribunal affirmed the application of section 112(1)(c)(iii) for capital gains calculation, resulting in a taxable amount of INR 17,13,59,838. The initiation of penalty proceedings under section 270A was also confirmed. The appeal was dismissed, and the AO's decisions were upheld. en-us Wed, 15 Mar 2023 00:00:00 +0530 Sun, 07 May 2023 22:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437504 The Tribunal upheld the Assessing Officer's decision on the assessment of total income and computation of capital gains, dismissing the assessee's challenge. The Tribunal affirmed the application of section 112(1)(c)(iii) for capital gains calculation, resulting in a taxable amount of INR 17,13,59,838. The initiation of penalty proceedings under section 270A was also confirmed. The appeal was dismissed, and the AO's decisions were upheld. Case-Laws Income Tax Wed, 15 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437504