7 results for “capital gains”+ Section 271(1)(b)clear
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In the result, the appeal filed by the assessee is partly allowed for statistical purposes
Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra
capital gain (LTCG) ₹ 1,24,95,128/- as income in assessment made U/s. 144/147 for the A.Υ.: 2016-17 and demanded tax 39,63,956/- (inclusive of interest) and initiate penalty proceeding U/s. 271(1)(c) of the Income Tax Act, 1961 and its confirmation by the learned Commissioner of Income Tax (Appeals) by dismissing the appellant appeal