This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Assessment Ignoring Indexed Cost of Acquisition Set Aside: Karnataka HC
Case Law Details
- Case Name
- Devanur Thimmasetty Srinivasa Vs ITO (Karnataka High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16, 2016-17
- Courts
- All High Courts, Karnataka High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Devanur Thimmasetty Srinivasa Vs ITO (Karnataka High Court)
Assessment order taking entirety of the sale consideration without taking note of the indexed cost of acquisition. is liable to set-aside- Karnataka HC
In a recent ruling, the Karnataka High Court quashed an income tax reassessment order and notice issued to the petitioner where the full sale consideration was considered in calculating capital gains without applying an indexed cost adjustment.
Petitioner submitted that he did not participate in the proceedings as he was not informed by his accountant regarding the pro...
Author Info
