LEILA ADVANI,MUMBAI vs. ACIT - 16(2), MUMBAI
In the result, appeal of the revenue is dismissed
ITA 2270/MUM/2016[2011-12]Status: DisposedITAT Mumbai18 Jul 2022AY 2011-12
For Appellant: Sh. Tapas MishraFor Respondent: Smt. Shailja Rai, CIT-DR
Section 143Section 143(2)Section 45(5)(b)Section 48Section 48(1)Section 54F
Capital Gains”. We confirm the view of Ld. CIT (A) and resultantly dismiss the ground of appeal taken by revenue on this issue.
43. Ground No.2 raised by the Revenue pertains to allowing a deduction of 50%
of that portion of the aggregate compensation received by the assessee liable to be taxed under the head “Income from Other Sources