Friday, March 8, 2019

Consideration received by confirming party not to be considered while calculating capital gain; SLP dismissed

IT : SLP dismissed against High Court ruling that in case of sale of property, assessee was required to offer capital gain only in respect of amount actually received by him as per sale deed even though a part of sale consideration was also received by confirming party

from www.taxmann.com Latest Case Laws https://ift.tt/2SS1TOO

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...