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2020 (5) TMI 236 - AT - Income TaxExemption u/s 54F - Taxing capital gain under the head business income and not giving benefit of exemption u/s 54F - grievance of the assessee relate to explaining the scope of limited scrutiny and treating the property on sale of capital asset as business income in place of capital gain - HELD THAT:- Respectfully following the order of the Tribunal in the case of brother of the assessee Shri Ramesh Raj Bohra 2020 (5) TMI 205 - ITAT JODHPUR] we do not find any justification for the addition so made treating the capital gain as business income and not allowing deduction of expenditure so incurred.
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