https://www.taxtmi.com/caselaws?id=56180 The ITAT upheld the CIT(A)'s decision to apply section 50(2) of the Income-tax Act for computing short-term capital gains on the sale of the Pinsel unit. The full value of the sale consideration was determined at Rs. 2,10,08,445, rejecting the assessee's claim for only Rs. 55,00,000. The ITAT's decision was supported by the specific values attributed to various assets in the sale agreement, aligning with established legal principles. en-us Wed, 16 Aug 2000 00:00:00 +0530 Thu, 02 Dec 2010 11:24:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56180 The ITAT upheld the CIT(A)'s decision to apply section 50(2) of the Income-tax Act for computing short-term capital gains on the sale of the Pinsel unit. The full value of the sale consideration was determined at Rs. 2,10,08,445, rejecting the assessee's claim for only Rs. 55,00,000. The ITAT's decision was supported by the specific values attributed to various assets in the sale agreement, aligning with established legal principles. Case-Laws Income Tax Wed, 16 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56180