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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Addition on account of short term capital on sale of gala - sale ...


Short-Term Capital Gain from Gala Sale: Computed u/s 50, Part of Asset Block u/s 43(6) of Income Tax Act.

February 9, 2016

Case Laws     Income Tax     AT

Addition on account of short term capital on sale of gala - sale of gala was part of relevant block of assets as per the provisions of section 43(6) and short term capital gain was to be computed in accordance with section 50 - AT

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