97 results for “capital gains”+ Section 11(1)(a)clear
Sorted by relevance
Key Topics
Showing 1–20 of 97 · Page 1 of 5
In the result, the appeal of the assessee is partly allowed and that of the Revenue is dismissed
Bench: Shri Chandra Mohan Garg & Shri Girish Agrawal
gains offered by the assessee on sale of shares of Sesa Goa Ltd., as business income and added a sum of Rs.191,11,60,784/- to the total income of the assessee. Further the A.O. made disallowances under sections 14A, 40(a), foreign exchange fluctuation loss on sale proceeds of EEFC account, capital expenditure from the community development expenses claimed