6 results for “capital gains”+ Section 55clear
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In the result, both appeals of the Revenue are dismissed
Bench: Shri Om Prakash Kantshri Pavan Kumar Gadale
55,960/-. These figures speak that the assessee has parked the funds in FDRS much more than the unsecured loans from directors and shareholders. This fact also proves that the assessee was keeping funds ready to use at times of business needs either to pay off the liabilities on account of enhanced wages or for other business purposes