2 results for “capital gains”+ Section 221clear
Sorted by relevance
Key Topics
In the result, the appeal of the assessee is partly allowed
Bench: Shri R.K. Panda & Shri V.P. Raoassessment Years: 2016-17
capital in nature and depreciation and depletion on capitalised portion is subsequently disallowed, the amount capitalised by the appellant should be allowed as deduction under section 37(1) of the Act in the relevant assessment year. 53. The ld. CIT DR has no objection for the above issue to be set aside to ld. AO/TPO. 54. After hearing both