230 results for “capital gains”+ Section 35(1)clear
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In the result, the appeal filed by the Revenue is dismissed
Bench: Shri Laliet Kumar, Hon’Ble & Shri Manjunatha G, Hon’Ble
35,000/- being 1/4th share of the assessee under the head income from business and profession. 17.2. Being aggrieved by the assessment order, the assessee carried the matter in appeal before the first appellate authority. 17.3. Before the ld.CIT(A), the assessee submitted that the property held by the assessee is purely capital asset and continued to be capital asset