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2017 (8) TMI 1666 - GUJARAT HIGH COURTTax Appeal is admitted for consideration of the following substantial questions of law : “(1) Whether the Appellate Tribunal was right in treating business income of Rs.46,36,048/as Short Term Capital Gain and Rs.1,80,73,418/as Long Term Capital Gain? (2) Whether the Appellate Tribunal was right in deleting the addition of Rs.5,37,79,887/made u/s. 28(iv) of the Act?” Revenue has suggested one more question which reads as under : “Whether the Appellate Tribunal was right in deleting the disallowance on account of bad debts written off amounting to Rs. 6,65,78,426/?” From the record, however, it emerges that the assessee had actually written off the said amount of Rs.6.65 crores (rounded off). No question of law therefore, arises.
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