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1 result for “capital gains”+ Section 40aclear

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Key Topics

Section 1475Section 40A(3)3

ABC REALTY PRIVATE LIMITED,AMRAVATI vs. INCOME TAX OFFICER, AMRAVATI

In the result, appeal of the assessee is allowed

ITA 420/NAG/2023[2011-12]Status: DisposedITAT Nagpur16 Jun 2025AY 2011-12
For Appellant: Shri K.P. Dewani, Ld. AdvocateFor Respondent: Shri Anand Nagrale, Ld. Sr. DR
Section 143(3)Section 147Section 250Section 40A(3)

capital gains and expenses related to a sale of property. However, the Assessing Officer (AO) made an addition of ₹12,00,000/- under section 40A