https://www.taxtmi.com/caselaws?id=58656 The tribunal held that the amount received by the assessee for supplying a project report constituted capital gains as the report was considered a capital asset with a definite date and cost of acquisition. The tribunal criticized the ITO for not considering the cost of acquisition and directed a reassessment to allow the assessee to provide material for determining the cost. The appeal was allowed, emphasizing the importance of accurately estimating expenses for computing taxable capital gains. en-us Tue, 31 Dec 1985 00:00:00 +0530 Tue, 21 Dec 2010 13:43:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58656 The tribunal held that the amount received by the assessee for supplying a project report constituted capital gains as the report was considered a capital asset with a definite date and cost of acquisition. The tribunal criticized the ITO for not considering the cost of acquisition and directed a reassessment to allow the assessee to provide material for determining the cost. The appeal was allowed, emphasizing the importance of accurately estimating expenses for computing taxable capital gains. Case-Laws Income Tax Tue, 31 Dec 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58656