20 results for “capital gains”+ Section 58clear
Sorted by relevance
Key Topics
In the result, the appeal of the assessee is partly allowed
Bench: Shri A. T. Varkey, Jm & Dr. A. L. Saini, Am]
58,833/- and u/s. 234C at Rs.1,35,913/- of the Income Tax Act, 1961 have been levied in-spite of the fact that non-payment of Advance Taxes as due to bonafide belief and/or disputed views regarding taxability of the transaction in question. Without prejudice it is submitted that the Ld. Assessing officer wrongly calculated the interest u/s. 234C