2 results for “capital gains”+ Section 56(2)(viii)clear
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
56. Now coming to the claim of the deduction of expenditure of Rs. 220983295/– on account of purchase of seismic data and general and administrative expenses in connection with the proposed NELP VIII, It is submitted by the Assessee that these were the expenses incurred by the Assessee with respect to the offers which were invited for the 8th offer