Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1990 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1990 (11) TMI 93 - KARNATAKA HIGH COURTExtract: .......and direct that the assessment order made for the year 1976-77 in computing the capital gains be modified in the manner we have indicated, i.e., calculating the capital loss at the exchange rate prevalent on the date of sale in terms of rule 115(b) of the Rules and allow a capital loss to the assessee in the sum of Rs. 42,32,070. Order accordingly.
|