Case Law Details
Case Name : Khevana Securities and Finstock Ltd Vs ITO (ITAT Ahmedabad)
Appeal Number : ITA No. 1427/AHD/2017
Date of Judgement/Order : 10/01/2022
Related Assessment Year : 2011-12
Courts :
All ITAT ITAT Ahmedabad
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Khevana Securities and Finstock Ltd. Vs ITO (ITAT Ahmedabad)
Learned AR at the time of hearing has strongly emphasized that the impugned amount represents the capital receipt on account of breach of the contract and therefore the same cannot be brought to tax. In support of his argument, the
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