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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Computation of Long term capital gain - dis-allowance of ...


Court Rules Unexplained Expenditure u/s 69C Cannot Be Claimed for Long-Term Capital Gain Computation u/s 48.

March 19, 2015

Case Laws     Income Tax     AT

Computation of Long term capital gain - dis-allowance of expenditure u/s 48 which was found as unexplained u/s 69C - unrecorded expenditure cannot be claimed by the assessee in any year by this overriding proviso - AT

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