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1 result for “capital gains”+ Section 72clear

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Key Topics

Section 1434Section 2214Section 1402

PRINCIPAL COMMISSIONER OF INCOME TAX vs. M/S.S.C.PADHEE

Appeals are disposed of

ITA/3/2018HC Orissa23 Mar 2022

Bench: The Trial Court. I.E., Appellant No.1 As Accused No.1/Company & Appellant Nos.2 To 4 As Accused Nos. 2 To 4.

Section 140Section 143Section 156Section 208Section 221Section 276Section 278Section 421

72,95,383/- was shown as long term capital gain and Rs.2,70,81,629/- was shown as short term capital gains. 4 iv) Accused No.1/Company is expected to pay the income tax either by way of advance tax as required under Section