4 results for “capital gains”+ Section 44Bclear
Sorted by relevance
Bench: Sh. Satbeer Singh Godara & Sh. M. Balaganesh
capital assets to the extent of 90% of gross revenue. (ix) Whether the CIT (A) has erred in not appreciating the fact that the amount received by the assessee on account of equipment lost in hole’ is infact the reimbursement of expenses and hence includible in the gross revenue for the purpose of computation of profits as per the provisions