https://www.taxtmi.com/caselaws?id=59537 The Tribunal upheld the Assessing Officer's jurisdiction and directed reassessment of capital gains, clarifying the classification of gains and correct tax rates. The appeals were partly allowed, with specific directions for reassessment and application of the correct tax rate on long-term capital gains as per section 113, taxing gains at 60%. en-us Mon, 19 Sep 2005 00:00:00 +0530 Thu, 30 Dec 2010 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59537 The Tribunal upheld the Assessing Officer's jurisdiction and directed reassessment of capital gains, clarifying the classification of gains and correct tax rates. The appeals were partly allowed, with specific directions for reassessment and application of the correct tax rate on long-term capital gains as per section 113, taxing gains at 60%. Case-Laws Income Tax Mon, 19 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59537