54 results for “capital gains”+ Section 32(1)clear
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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
1. The order of the Commissioner of Income Tax (Appeals)-2, Panaji-Goa, [hereinafter referred to as CIT(A)] is opposed to law and facts of the case. 2. (a) The CIT(A) legally erred in confirming the Assessing Officer’s (AO) action of treating the Short Term Capital Gains of Rs.191,11,60,784/- on account of purchase