https://www.taxtmi.com/caselaws?id=55277 The Tribunal upheld the assessment of short-term capital gains under section 50(2) for the assessment year 1993-94, where the surplus on the sale of fixed assets was rightly treated as short-term capital gains. The Tribunal dismissed the appeal, affirming the decisions of the lower authorities on the disallowance of motor car expenses and the levy of interests under sections 234B and 234C. The Tribunal set aside the issue of addition of interest payment for further examination by the Assessing Officer. The appeal was allowed in part for statistical purposes. en-us Mon, 14 Aug 2000 00:00:00 +0530 Thu, 25 Nov 2010 11:09:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55277 The Tribunal upheld the assessment of short-term capital gains under section 50(2) for the assessment year 1993-94, where the surplus on the sale of fixed assets was rightly treated as short-term capital gains. The Tribunal dismissed the appeal, affirming the decisions of the lower authorities on the disallowance of motor car expenses and the levy of interests under sections 234B and 234C. The Tribunal set aside the issue of addition of interest payment for further examination by the Assessing Officer. The appeal was allowed in part for statistical purposes. Case-Laws Income Tax Mon, 14 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55277