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2020 (9) TMI 1044 - AT - Income TaxExemption u/s. 54F denied - adding Long term capital gain treating the same as ''Income from Other Sources" - HELD THAT:- We find no infirmity in the allotment letter once it is examined along with the bank statement, ledger account and letter of cancellation. Similar issue arose before the Tribunal in Ashwin S. Bhalekar [2018 (5) TMI 1887 - ITAT MUMBAI] CIT(A) has rightly deleted addition made by the AO in regard to disallowance of the claim of the assessee disallowing deduction of long term capital gain under section 54 of the Act on the premise that the compensation received is income from other sources - Decided in favour of assessee.
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