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Income Tax - Highlights / Catch Notes

Home Highlights April 2023 Year 2023 This

Benefit of Vivad Se Vishwas Scheme 2020 - present appeal was ...


Appeal Filed 958 Days Late on Undisclosed Income as LTCG for Exemption u/s 10(38); Cites Vivad Se Vishwas Scheme.

April 11, 2023

Case Laws     Income Tax     HC

Benefit of Vivad Se Vishwas Scheme 2020 - present appeal was filed with a delay of 958 days - Addition of undisclosed income in the garb of Long Term Capital Gain (LTCG) to claim exemption u/s. 10(38) - Assessee should not be non-suited for the default committed by the revenue in nor preferring the appeal within the period of limitation. - HC

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