https://www.taxtmi.com/caselaws?id=59162 The Tribunal allowed the Department's appeal, overturning the CIT (Appeals) decision and reinstating the addition of Rs. 23,370 to the total income. It held that capital gains should be calculated based on the difference between conversion price and cost price, not the entire sale price and cost price difference. The Tribunal emphasized the correct application of section 45(2) for the assessment year, resulting in a higher tax liability than initially determined by the Assessing Officer. en-us Tue, 31 May 1994 00:00:00 +0530 Sat, 25 Dec 2010 13:11:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59162 The Tribunal allowed the Department's appeal, overturning the CIT (Appeals) decision and reinstating the addition of Rs. 23,370 to the total income. It held that capital gains should be calculated based on the difference between conversion price and cost price, not the entire sale price and cost price difference. The Tribunal emphasized the correct application of section 45(2) for the assessment year, resulting in a higher tax liability than initially determined by the Assessing Officer. Case-Laws Income Tax Tue, 31 May 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59162