10 results for “capital gains”+ Section 254(1)clear
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In the result, appeal filed by the Revenue Department stands dismissed
Bench: Shri N.K. Choudhry, Hon’Ble & Shri D.S. Sunder Singh, Hon'Ble
capital gains income is chargeable to tax in respect of the said transfer of the land. 6.1 Ld. DR vehemently argued that law does not permit to change the stand which has taken at the initial stage and new claim cannot be entertained without revising the original return of income. Ld. DR in support of his contention also relied upon