2 results for “house property”+ Section 42clear
Sorted by relevance
In the result, appeal of assessee is partly allowed
Bench: Shri Chandra Mohan Garg & Shri Girish Agrawal
house was not able to clear our dues. The outstanding of Rs.4.8 crores against the broker’s name in effect represented the value of sales/closing stock as of the cut-off date due to the abrupt closure of trading on NSEL for no fault of the assessee. Let alone any connivance, the assessee did not even have any hint