Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2012 (10) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (10) TMI 526 - HC - Income TaxShort-term capital gains – deduction of liaison charges paid from STCG - sites, which were the subject matter of the sale, were in the occupation of slum dwellers - whether they were in occupation of all the sites or only those sites, which resulted in the short-term capital gains – Held that:- Assessee has paid the money by way of account payee cheque to one Mr. B.G. Koshy to clear the slum dwellers, which amount has been acknowledged by him - slum dwellers were in possession of the land, which resulted in short-term capital gains - no material on record to show that the said contention of the assessee is wrong, misleading or deliberately made with an intention to evade tax - laison charges refers to only short-term capital gains – in favor of assessee
|