10 results for “capital gains”+ Section 158clear
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Appeal is allowed
Bench: Shri Satbeer Singh Godara & Dr. Dipak P. Ripote
capital gains for the purpose of claiming Section 54 deduction since plot in issue was found to be a vacant one only. We find no merit in the Revenue’s vehement contentions supporting the impugned penalty. It is an admitted fact that the assessee’s plot formed part of a group housing society’s lay-out plan which ultimately