Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2006 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2006 (1) TMI 458 - ITAT MUMBAIExtract: .......two permissible views. A view would be permissible, only when it is legally valid. Not to charge capital gains on transfer of asset as covered under section 45(4) is certainly an escapement of income, which has been rightly considered under section 147/148. Hence, this ground of assessee is rejected. 15. In the result, the appeal of assessee fails.
|