Sponsored
    Follow Us:

Case Law Details

Case Name : Devanur Thimmasetty Srinivasa Vs ITO (Karnataka High Court)
Related Assessment Year : 2015-16, 2016-17
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

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 ac

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31