https://www.taxtmi.com/caselaws?id=35206 The High Court upheld the Tribunal's decision, affirming that Nirgam Mulya cannot be considered part of the purchase price for calculating profit under Section 44AC of the Income Tax Act. The judgment provides clarity on the interpretation of relevant sections of the Act and emphasizes the importance of accurate assessment procedures in tax matters. en-us Thu, 10 Dec 2009 00:00:00 +0530 Thu, 21 Jan 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35206 The High Court upheld the Tribunal's decision, affirming that Nirgam Mulya cannot be considered part of the purchase price for calculating profit under Section 44AC of the Income Tax Act. The judgment provides clarity on the interpretation of relevant sections of the Act and emphasizes the importance of accurate assessment procedures in tax matters. Case-Laws Income Tax Thu, 10 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35206