Long-term capital loss u/s 50B allowed as Form 3CEA filed during assessment proceeding

Wellman Coke India Limited Vs DCIT (ITAT Kolkata) ITAT Kolkata held that rejection of claim of long-term capital loss u/s 50B of the Income Tax Act unjustified as Form 3CEA filed during the assessment proceedings along with an affidavit mentioning reason for non-furnishing of Form 3CEA with return of income. Facts- The assessee is a Limited Company and its case was selected for complete scrutiny assessment under the E-assessment Scheme, 2019 on the issue of capital gain/loss from slump sale and capital gain/income on the sale of the property. NIL income was declared. Notices u/s. 143(2) and 14...