https://www.taxtmi.com/caselaws?id=59831 The Tribunal vacated previous orders and directed the ITO to reevaluate the matter concerning the tax treatment of the amount realized from selling damaged assets. The appeal was allowed for statistical purposes, emphasizing the importance of determining the ownership status of the assets to ascertain the appropriate tax treatment. en-us Fri, 06 Jul 1984 00:00:00 +0530 Sat, 01 Jan 2011 13:43:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59831 The Tribunal vacated previous orders and directed the ITO to reevaluate the matter concerning the tax treatment of the amount realized from selling damaged assets. The appeal was allowed for statistical purposes, emphasizing the importance of determining the ownership status of the assets to ascertain the appropriate tax treatment. Case-Laws Income Tax Fri, 06 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59831