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1 result for “capital gains”+ Demonetizationclear

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Key Topics

Section 115B6Section 2634

SULPHI SAINUDEEN SUNJU,ALAPPUZHA vs. THE ITO WARD 1 & TPS, ALAPPUZHA, ALAPPUZHA

In the result, the assessee’s appeal is dismissed

ITA 701/COCH/2022[2017-2018]Status: DisposedITAT Cochin20 Jan 2023AY 2017-2018

Bench: Smt. Beena Pillai & Ms. Padmavathy S.Assessment Year : 2017-18

For Appellant: Shri R. Krishna, CAFor Respondent: Shri M. Rajasekhar, CIT(DR)
Section 115BSection 263Section 68

gains of business or profession’, then the same cannot be taxed u/s. 115BBE. The PCIT did not accept the submissions of the assessee and proceeded to set aside the order of the AO by holding that – “6.1 It is a fact that the assessee admitted an income of Rs.22,20,330/- in his return of income