7 results for “capital gains”+ Section 120(4)(b)clear
Sorted by relevance
Key Topics
Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm
4) The brought forward loss cannot be redetermined and possibility of verification of such losses in subsequent seven years is illogical and consequently the action u/s.263 cannot be undertaken for such purposes. There is no error by the AO. (5) The learned CIT did not record whether the twin condition that the order passed by the AO is erroneous