Section 112

  • Income Tax

Lack of full disclosure in Form 10 of accumulation u/s 11(2) not fatal- SC dismisses SLP of Revenue

Lack of full declaration in Form 10 of accumulation u/s 11(2) by itself would not be fatal to the claim.…

5 years ago
  • Income Tax

Form-10 income accumulation delay condonation. When sufficient material is before AO, insistence on the form not warranted-ITAT

Form-10 income accumulation delay condonation. When sufficient material is before AO, insistence on the form not warranted as held by…

7 years ago
  • Income Tax

Assessee entitled to option u/s 112(1)(a) for indexation/ non-indexation and pay tax on capital gains @20% or 10%. Benefit cannot be denied merely for not filing details in income return.

Assessee entitled to option u/s 112(1)(a) for indexation/ non-indexation and pay tax on capital gains @20% or 10%. Benefit cannot be denied merely for…

8 years ago