SHRI SUNIL SHASRMA,BHOPAL vs. THE ITO, 3(2), BHOPAL
In the result, Assessee’s appeal ITANo
ITA 209/IND/2020[2010-11]Status: DisposedITAT Indore30 Nov 2021AY 2010-11
Bench: Shri Mahavir Prasad & Shri Manish Boradvirtual Hearing Assessment Year: 2010-11
Section 142(1)Section 147Section 148Section 2(47)Section 2(47)(i)Section 47Section 50CSection 80C
section 2(47) of the Act came to conclusion that the
alleged transaction is a transfer and the assessee is liable to pay
tax on the capital gain and accordingly worked out Short Term
Capital Gain at Rs.6,63,525/- and added it the income of
assessee. Addition of Rs. 1,00,000/- was also made for making
incorrect claim