THE COMMISSIONER OF INCOME TAX, vs. SMT. B. SUMANGALADEVI,
Appeal is allowed
ITA/5049/2010HC Karnataka27 Jun 2012
Bench: K.BHAKTHAVATSALA,B.SREENIVASE GOWDA
Section 132BSection 260A
capital gains and it has to be assessed in her hands, but
directed the Assessing Officer to give credit of `10,00,000/-
seized in the hands of B.B.Swamy to the assessee as against
her tax liability. Hence, the Assessing Officer filed an
application before the C.I.T (Appeals) seeking withdrawal of
the direction in so far as giving credit
