P. SURENDRAN,TRIVANDRUM vs. ACIT CIRCLE 1(2), TRIVANDRUM
In the result, the appeal filed by the assessee is partly allowed for statistical
ITA 978/COCH/2022[2014-15]Status: DisposedITAT Cochin14 May 2024AY 2014-15
Bench: Shri Sanjay Arora, Am & Ms. Kavitha Rajagopal, Jm P. Surendran Sukanya Bhavan Asst. Cit-1(2) Vadayakkadu, Kunnukuzhy, P.O., Thiruvananthapuram Vs. Thiruvananthapuram-695 035
For Respondent: Smt. J M Jamuna Devi
Section 133ASection 143(2)Section 143(3)Section 250Section 36(1)(va)Section 40A(3)Section 40a
capital assets.
16. The learned Authorised Representative (ld. AR for short) had referred to the
CBDT Circular No. 34 (F.No. 13A/92/69-IT(A-II) dated 05.03.1970) which has made the
following clarification which is cited hereunder for ease of reference:
The provisions of section 40A(3) would apply in computing the income under the head “Profits and gains
