76 results for “capital gains”+ Section 140clear
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In the result, the appeals of the Revenue are partly allowed for statistical purposes
Bench: S/Shri Chandra Poojari, Am & George George K., Jm
capital expenditure) laid out or expended wholly and exclusively for the purpose of making or earning such income." 3. The Commissioner of Income-tax (Appeals) as well as the Income-tax Appellate Tribunal have recorded a finding of fact that there was a clear nexus between the interest earned on the FDRs and the interest paid on loans utilized