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1 - 9 of 9 (0.32 seconds)Section 54B in The Income Tax Act, 1961 [Entire Act]
Section 54E in The Income Tax Act, 1961 [Entire Act]
Section 48 in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income Tax, Bangalore ... vs B. C. Srinivasa Setty, Etc. Etc on 19 February, 1981
Moreover, the question as to whether reliefs should be provided to assessees to relieve the hardship, by making suitable legislative provisions, is a matter for the Legislature to consider. But the absence of provisions, which would have entitled an assessee to claim relief, cannot have the effect of rendering the provision regarding computation for quantifying the income chargeable under the head "Capital gains" unworkable. In the instant case, these provisions cannot be held to be non-applicable as in the case of goodwill of a new business. The decision in CIT v. B.C. Srinivasa Setty [1981] 128 ITR 294 (SC) is, therefore, distinguishable on facts and cannot be pressed into service in support of the contention advanced on behalf of the assessee.
Section 46 in The Income Tax Act, 1961 [Entire Act]
Section 71 in The Income Tax Act, 1961 [Entire Act]
Section 80T in The Income Tax Act, 1961 [Entire Act]
Section 256 in The Income Tax Act, 1961 [Entire Act]
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