Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1985 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1985 (7) TMI 191 - ITAT MADRAS-DExtract: .......herefore, there was no scope of computing the capital gains under law. When there was no scope to compute the capital gains the question whether it should be long term capital gains or short-term capital gains does not arise. 7. In the result, the appeal is allowed and the orders of the lower authorities on the point of capital gains are set aside.
|