45 results for “capital gains”+ Section 46clear
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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
gain earned on sale of said shares has to be brought to tax ax income from business or business income. Thereafter, while disallowing ground No.3 of the assessee pertaining to disallowance u/s 14A of the Act r.w.r 8D of 1962, the ld.CIT(A) in para 5.6 (supra) also took care of the above conclusion pertaining to ground No.2 and directed