https://www.taxtmi.com/caselaws?id=59647 The ITAT partially allowed the assessee's appeal. On the first issue, it upheld the short-term capital gain assessment under section 50 but agreed with the assessee on setting off the sale consideration from the entire asset block. The second issue was resolved in favor of the assessee, following precedent. On the third issue, the ITAT ruled in favor of the assessee, excluding Excise Duty and Sales Tax from total turnover for section 80HHC relief. en-us Tue, 30 Mar 2004 00:00:00 +0530 Wed, 17 Jul 2024 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59647 The ITAT partially allowed the assessee's appeal. On the first issue, it upheld the short-term capital gain assessment under section 50 but agreed with the assessee on setting off the sale consideration from the entire asset block. The second issue was resolved in favor of the assessee, following precedent. On the third issue, the ITAT ruled in favor of the assessee, excluding Excise Duty and Sales Tax from total turnover for section 80HHC relief. Case-Laws Income Tax Tue, 30 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59647