23 results for “capital gains”+ Section 55clear
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In the result, the appeal filed by the revenue is dismissed being devoid of
Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta
gains is not a charging section under the IT Act and there is no sale either..." ignoring the fact that the addition had been made by the AG on account of increase in capital under the head "undisclosed sources due to enhanced value adopted in the balance sheet of inherited properties on which no tax or reasons for adopting enhanced