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1989 (9) TMI 16 - HC - Income Tax
Extract:
.......uisition of the asset and the sum of Rs. 17,904 on account of expenses and legal charges. The assessment was made by him rightly on the basis that the capital gain was of Rs. 82,086. Accordingly, we answer the question thus the amount of Rs. 82,086 shall be treated as a capital gain in the hands of the assessee. There shall be no order as to costs.