2 results for “capital gains”+ Section 142(1)(iii)clear
Sorted by relevance
142(1) dated 03.08.2006 along with detailed questionnaire were issued and served upon the appellant on 07.08.2006. Appellant filed its reply dated 28.11.2006. After considering the reply, Assistant Commissioner of Income Tax, Circle-I, Ludhiana, vide order dated 29.12.2006, disallowed the return of unrealized amount of Rs.10,50,000/- and added back the same to the income of the appellant