Case Law Details
Case Name : Smita Conductors Ltd Vs DCIT (ITAT Mumbai)
Appeal Number : ITA No. 4004/Mum/2011
Date of Judgement/Order : 17/09/2013
Related Assessment Year : 2006- 07
Courts :
All ITAT ITAT Mumbai
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
It was held that for the purpose of computation of capital gain on transfer of flat on which depreciation has been claimed and which has been held for more than 3 Years has to be treated as short term capital gain u/s 50 of the IT Act, but for the purpose of applicability of tax rate it has to be treated Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Plz clarify..
If computation of cg u/s 50 is for the purpose of sec 48 and 49 den what wil be the use of dat calculation, if rates is applied cnsidering d holding period???