Case Law Details
Case Name : Commissioner of Income-tax Vs Udit Narain Agrawal (Allahabad High Court)
Related Assessment Year :
Courts :
All High Courts Allahabad High Court
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
HIGH COURT OF ALLAHABAD
Commissioner of Income-tax
Versus
Udit Narain Agrawal
R.K. Agrawal AND Ram Surat Ram (Maurya), JJ.
IT Appeal No. 560 of 2009
DECEMBER 12, 2012
ORDER
1. The present appeal has been filed against the order dated 12th August, 2009 passed by the Income Tax Appellate Tribunal, Agra Bench, Agra. The Commissioner of Income Tax, Agra had proposed the following two questions said to be the substantial questions of law arising out of the order of the Tribunal.
“1. Whether the Hon’ble ITAT was legally correct in confirming the findings of CIT (A) holdi...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
In the F.Y. 2013-14 an assessee earned capital gain amounting Rs.7.5 crores by transferring of shares but he did not offer the amount to tax in the return for A.Y. 2014-15. Later in 2016 he disclosed 2.00 crores in IDS. The case is reopened on this information. Being asked the submitted that he has invested the balance Rs.5.5 crores to purchase a new residential flat and claimed exemption u/s 54F. Whether he is liable to get exemption? In the return filed u/s 148 the assessee had shown nothing.