8 results for “capital gains”+ Section 47clear
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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
47 ITA.No.105 & 116/PAN./2018 Sociedade De Fomento Industrial Pvt. Ltd., Margao, Goa. Court in the case of CIT vs. Woodward Governor India (P) Ltd., 312 ITR 254 (SC), held thus:- “4.On further appeal, the impugned order of the Tribunal has allowed the respondent assessee's appeal holding that the claim of expenditure of Rs.62.62 lakhs is permissible under Section