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2021 (9) TMI 38 - AT - Income TaxLong term capital gain - Addition on protective basis - assessee has claimed deduction u/s 54F of the Act against Long Term Capital Gain - HELD THAT:- There is no dispute with regard to the fact that the addition was made on the protective basis. As stated by the assessee that the assessment has been made on substantive basis in Assessment Year 2012-13 which is not controverted by Revenue. We, therefore, direct the Assessing Officer to delete the addition made in this year on protective basis after verifying that the income of the assessee has been assessed to tax in the correct Assessment Year i.e.2012-13. The appeal of the assessee is partly allowed in terms as indicate above
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