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2 results for “capital gains”+ Exemptionclear

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Key Topics

Section 2634Section 143(3)3Section 143(1)2Section 143(2)2

RAMESH KUMAR vs. COMMISSIONER OF INCOME TAX

The appeal is dismissed

ITA/396/2019HC Punjab & Haryana19 Feb 2020

Bench: MR. JUSTICE AJAY TEWARI,MR. JUSTICE AVNEESH JHINGAN

Section 10(38)Section 143(1)Section 143(2)Section 143(3)Section 260ASection 263

capital gain of `10,99,599/-, claimed by the assessee as exempt under Section 10(38) of the Act. The assessee

M/S PANCHSHEEL TEXTILE MANFAC. & TRAD. vs. C I T AND ANR.

ITA/109/2007
HC Punjab & Haryana
13 May 2025

Bench: MRS. JUSTICE LISA GILL,MRS. JUSTICE SUDEEPTI SHARMA

capital borrow profession. scriptions paid periodically Mutual Benefit Societies which fu ibed, shall be deemed to be cap is clause;” .07.2006 passed by learned Inco ced as under:- see was not earlier engaged in However, from the previous ye 99, it has started the business ave been purchased and some s d in tion and 000- 006 uses