2012 (8) TMI 936 - HC - Income Tax

Summary

The Gujarat High Court heard the case regarding short term capital gain in the hands of the assessee firm. The substantial question of law was whether the Tribunal was correct in holding that the gain would be the difference between Rs. 86,15,894 and the written down value of Rs. 34,64,745. The Court issued notice to the respondent for submission of the Paper Book within three months.