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Income Tax

Deduction u/s. 54 - CIT(Appeals) as an appellate authority...

CIT(Appeals) Must Grant Section 54 Deductions for Long-Term Capital Gains, Even if Initially Omitted by Taxpayer.

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Income TaxAugust 4, 2018Case LawsAT

Deduction u/s. 54 - CIT(Appeals) as an appellate authority cannot deny the benefit of deduction - If the assessee is entitled to deduction while computing the long term capital gain, that cannot be denied on the ground that such a claim was not before the AO

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