7 results for “capital gains”+ Section 132Bclear
Sorted by relevance
In the result, the appeal of the Revenue in ITA No
Bench: Shri D. Karunakara Rao, Am & Shri S. S. Viswanethra Ravi, Jm Sl.
section 132B of the Act, case laws on the issue and dismissed the appeal filed by the Revenue by observing as under:- “7. We find that the subsequent action of Learned AO in revoking the credit given for seized cash towards existing tax liability under proceedings u/s 154 of the Act is illegal. The provisions of section 132B