63 results for “capital gains”+ Section 145Aclear
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Bench: S/Shri Chandra Poojari, Am & George George K., Jm
145A clearly provides that for the purpose of determining income under the head profits and gains of business or profession, the amount of purchase and 11 I.T.A. Nos. 653/Coch/2019 & 04/Coch/2020 sales i.e. turnover would include any tax, duty cess or fee. Therefore, the rigour of section 43B may be applicable in the case of Sales-tax or Excise Duty