76 results for “capital gains”+ Section 36(1)(vi)clear
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In the result, the appeal of the Revenue is allowed and the appeal of the
Bench: S/Shri Chandra Poojari, Am & George George K., Jm
36 months shall be deemed as short term capital assets. The CIT(A) went wrong in applying the definition of capital assets in section 2(14) and ignoring the mere specific provisions contained in the proviso to section 50B(1). I.T.A. Nos. 714/Coch/2008 & 1286/Coch/2005 3. The facts of the case are that by order dated 28.12.2006, the Assessing Officer completed