Search: capital gains

1 result for “capital gains”+ Section 271Cclear

Sorted by relevance

Ahmedabad9 Bangalore8 Mumbai5 Chennai3 Delhi2 SC2 Varanasi1 Dehradun1 Indore1 Jaipur1 Kolkata1 Pune1

Key Topics

Section 271B7

MANPHOOL SINGH,JAIPUR vs. ITO WARD 6(2), JAIPUR

In the result, the appeal of the assessee is allowed

ITA 748/JPR/2023[2014-15]Status: DisposedITAT Jaipur07 Feb 2024AY 2014-15

Bench: The Appeal Hearing.”

For Appellant: Sh. Dev Arora (CA)For Respondent: Sh. Monisha Choudhary (Addl.CIT)

Section 143(2)Section 271B

gain to business income. The bench noted that the revenue could not controvert the fact that the assessee submitted that this is only solitary transactions which cannot be termed as business income. Merely the assessee has not challenged the finding of the ld. CIT(A) in quantum in the penalty proceeding the assessee cannot be called upon pay the penalty