PRINCIPAL COMMISSIONER OF INCOME TAX -3, KOLKATA vs. M/S. ITC LIMITED
Appeal is allowed to the extent indicated
ITA/125/2018HC Calcutta27 Jun 2024
Bench: HON'BLE JUSTICE SURYA PRAKASH KESARWANI,HON'BLE JUSTICE RAJARSHI BHARADWAJ
gains" shall be computed, by deducting from the full value of
the consideration received or accruing as a result of the transfer of the
capital asset the following amounts, namely:-
(i)expenditure incurred wholly and exclusively in connection with such
transfer;
(ii)the cost of acquisition of the asset and the cost of any improvement
thereto:
(iii)in case