7 results for “capital gains”+ Section 96clear
Sorted by relevance
Key Topics
In the result, the appeal of the assessee is partly allowed
Bench: the query raised by the assessing authority vide questionnaire issued under section 142 (1) dated 23.01.2021, in assessment proceedings for the AY 2018-19.
96,606.00, amount of unsecured loan and sundry creditors which were under normal course of business, under the provisions of section 68 of the act as the income of the appellant for the AY 2018-19, and taxing the same at a higher rate of tax @ 60% plus 25 % surcharge, ignoring the evidences filed to prove the correctness of sundry