3 results for “capital gains”+ Section 56(1)clear
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56 to 59 of the IT Act, the deduction whereof is contained in Section 57 of the IT Act and the said provisions expressly prohibit the allowance of capital expenditure. He, therefore, prays that the present appeal be dismissed. 5.. We have heard learned counsel for the parties and perused the whole record of this case. 6. This Court