https://www.taxtmi.com/caselaws?id=760552 Kerala HC upheld Tribunal's finding that short-term capital gains must be charged under Section 45(4) but remanded the matter for proper computation. The Tribunal failed to consider provisions of Section 48 as modified by Section 50(1) while computing the extent of taxable gains. HC directed Tribunal to examine all transactions during the relevant previous year and determine actual short-term capital gains accruing to the appellant firm. Decision favored the assessee against revenue. en-us Mon, 01 Jul 2024 00:00:00 +0530 Wed, 23 Oct 2024 08:19:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760552 Kerala HC upheld Tribunal's finding that short-term capital gains must be charged under Section 45(4) but remanded the matter for proper computation. The Tribunal failed to consider provisions of Section 48 as modified by Section 50(1) while computing the extent of taxable gains. HC directed Tribunal to examine all transactions during the relevant previous year and determine actual short-term capital gains accruing to the appellant firm. Decision favored the assessee against revenue. Case-Laws Income Tax Mon, 01 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760552