PR. COMMISSIONER OF INCOME TAX vs. M/S HARI NARAIN PARWAL
ITA/90/2020HC Rajasthan21 Feb 2024
Bench: AVNEESH JHINGAN,SHUBHA MEHTA
Section 143Section 143(3)Section 271Section 271(1)Section 271(1)(c)Section 274
6.
On 28.03.2017, the original return was revised and the assessee
declared a loss of Rs. 354,34,84,148/-, which included loss from
Business or Profession amounting to Rs. 5,00,14,046/-. The income
from short term capital gain Rs. 97,02,942/- and long term capital loss
Rs. 350,31,73,044/- was claimed as exempt