https://www.taxtmi.com/caselaws?id=56642 The Tribunal partly allowed the appeal, ruling that the amount of Rs. 56,182 or Rs. 30,770, as calculated by the assessee, was not taxable under sections 41(2) or 45 of the Income-tax Act, 1961. However, the sale proceeds of Rs. 75,000 were deemed taxable capital gains, subject to statutory exemptions and relief under section 80TT of the Act. en-us Tue, 10 Sep 1985 00:00:00 +0530 Mon, 06 Dec 2010 10:50:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56642 The Tribunal partly allowed the appeal, ruling that the amount of Rs. 56,182 or Rs. 30,770, as calculated by the assessee, was not taxable under sections 41(2) or 45 of the Income-tax Act, 1961. However, the sale proceeds of Rs. 75,000 were deemed taxable capital gains, subject to statutory exemptions and relief under section 80TT of the Act. Case-Laws Income Tax Tue, 10 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56642