Addition made on account of short term capital gain - it is ...

Company Exempt from Explanation to Section 73 of Income Tax Act Due to Primary Capital Gains Income.

March 12, 2016

Case Laws Income Tax AT

Addition made on account of short term capital gain - it is evident that the gross total income o the company consisted mainly of income which is chargeable under the heads “Capital Gains” and “Income from other sources”. Such a Company is exempted from Explanation to Section 73. In view of above we find that the explanation to section 73 of the Act does not apply to assessee - AT

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Addition made on account of short term capital gain - it is ...

Company Exempt from Explanation to Section 73 of Income Tax Act Due to Primary Capital Gains Income.

March 12, 2016

Case Laws Income Tax AT

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