Notional short term capital gain on transfer or otherwise of ...

Case Laws Income Tax

June 26, 2021

Notional short term capital gain on transfer or otherwise of some real estate asset - Since assessee inadvertently shown the property as capital asset and moved an application before the lower authority u/s. 154 for rectification of the order but ld. A.O. did not pay and any heed and same property was shown as investment in the individual balance sheet of the assessee. In such case notional capital gain cannot be added. - AT

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Notional short term capital gain on transfer or otherwise of ...

Case Laws Income Tax

June 26, 2021

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