DILIP N. SHROFF vs. JOINT COMMNR. OF INCOME TAX, MUMBAI &ANR
The appeal is allowed
C.A. No.-002746-002746 - 2007Supreme Court18 May 2007
For Respondent: Joint Commissioner of Income Tax, Mumbai & Anr
Long term Capital Gains :
As discussed above 3,09,78,478
Income from Other Sources :
Interest income as per Statement 30,31,364
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TOTAL INCOME 3,40,59,506
Rounded off 3,40,59,510
7. Assessed accordingly. Give credit for prepaid taxes.
Charge interest u/s 234B and 234C. Initiate penalty
proceedings u/s 271
