https://www.taxtmi.com/caselaws?id=58160 The Tribunal partly allowed the appeal, upholding the jurisdiction of the CIT (Appeals) to entertain the appeal. The computation of capital gains by the Income Tax Officer was found incorrect, and the Tribunal directed the capital gains to be computed based on the market value of the shares as on the date of receipt by the assessee. The Tribunal concluded that the CIT (Appeals) correctly exercised jurisdiction and decided the matter on its merits. en-us Tue, 24 Jul 1984 00:00:00 +0530 Fri, 17 Dec 2010 16:29:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58160 The Tribunal partly allowed the appeal, upholding the jurisdiction of the CIT (Appeals) to entertain the appeal. The computation of capital gains by the Income Tax Officer was found incorrect, and the Tribunal directed the capital gains to be computed based on the market value of the shares as on the date of receipt by the assessee. The Tribunal concluded that the CIT (Appeals) correctly exercised jurisdiction and decided the matter on its merits. Case-Laws Income Tax Tue, 24 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58160