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Tax on Conversion of Capital Asset into Stock
Case Law Details
- Case Name
- Ramesh Abaji Walavalkar Vs Additional Commissioner of Income-tax (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2003-04 & 2005-06
- Courts
- All ITAT, ITAT Mumbai
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IN THE ITAT MUMBAI BENCH ‘D’
Ramesh Abaji Walavalkar
v/s.
Additional Commissioner of Income-tax
IT Appeal Nos. 852 (Mum.) of 2009
And 1534 (Mum.) of 2010
[Assessment Years 2003-04 & 2005-06]
JUNE 22, 2012
ORDER
P.M. Jagtap, Accountant Member
These two appeals filed by the assessee against two separate orders passed by the ld. CIT(A)-I, Thane, dated 27-11-2008 and 30-10-2009 for assessment years 2005-06 and 2003-04 respectively involve common issues relating to determination of capital gains arising to the assessee from transfer of plot of land at Sanpada, Vashi, and the same, t...
