Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad(Virtual Hearing)
transfer of such capital asset has to be charged only under the provisions of s.45 of the Act. We find merit in the argument of the AR that under provisions of clause (b) of section 153A, the Assessing Officer is required to assess or reassess the total income of an assessee. We also find that the expression ‘total income