Assessment u/s 153A - The Assessing Officer was fully empowered ...

AO Could Have Referred Capital Asset u/s 55A During Assessment, But Did Not; Capital Gains Taxable Upon Transfer.

October 15, 2013

Case Laws Income Tax AT

Assessment u/s 153A - The Assessing Officer was fully empowered to refer capital asset to the District Valuation Cell u/s 55A of the Income-tax Act. AO had not done so. - entire income by way of capital gains is chargeable to tax in the year in which the transfer took place. - AT

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Assessment u/s 153A - The Assessing Officer was fully empowered ...

AO Could Have Referred Capital Asset u/s 55A During Assessment, But Did Not; Capital Gains Taxable Upon Transfer.

October 15, 2013

Case Laws Income Tax AT

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