https://www.taxtmi.com/caselaws?id=39630 The High Court allowed the petition in I.T.C. No. 32 of 1973, directing the Tribunal to decide on the validity of the sale transaction and computation of capital gains. The interconnected penalty issues in I.T.C. No. 41 and No. 53 of 1973 were contingent on the resolution of the primary dispute. The judgments emphasized the need for a comprehensive review of the disputed capital gains, application of tax provisions, and the justification for penalties imposed on the assessee. en-us Tue, 07 May 1974 00:00:00 +0530 Mon, 19 Apr 2010 12:11:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39630 The High Court allowed the petition in I.T.C. No. 32 of 1973, directing the Tribunal to decide on the validity of the sale transaction and computation of capital gains. The interconnected penalty issues in I.T.C. No. 41 and No. 53 of 1973 were contingent on the resolution of the primary dispute. The judgments emphasized the need for a comprehensive review of the disputed capital gains, application of tax provisions, and the justification for penalties imposed on the assessee. Case-Laws Income Tax Tue, 07 May 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39630