charges
based upon scrap evidence to award a mesne profit or wrongful gain of
Rs.5,56,367 in favor of occult and clandestine person ... claim of the appellant over Rs.4,529 like mesne profit/
wrongful gain in favor of a clandestine and occult person without having
any cause
tainted with illegally. The taint of illegality
or wrong-doing associates with income, profits and gains is immaterial for the
purpose of taxation. Even
tainted with illegally. The taint of illegality
or wrong-doing associates with income, profits and gains is immaterial for the
purpose of taxation. Even
respect of the amount of provision for taxation, proceeded on a wrong view of the law and the said orders were bad at their very ... failed to determine the tax payable on capital gains proceeded on a wrong view of law and was bad from its very inception
hands of the assessee under
the head capital gain is wrong since the appellant is only the constituted
attorney to sign the document on behalf
under:-
" I. Addition on account of Long term capital gain treating as wrong claim ... account of long term capital gain treating as
wrong claim. The Ld. CIT (A) has failed to properly consider the written submission
filed
under 10(38) is not available. Further, the amount of capital gain was
wrongly treated as unexplained cash credit under section ... guilty or linked to the
wrong acts of the persons investigated as far as long term capital gain earned on
sale of share
determining the
income taxable as long term capital gain, he has wrongly not
included income of Rs.5,791 disclosed and filed in the return ... Assessment Year 1983-84. The AO wrongly taxed the capital gain in the
14 ITA No 459/A/97 &
I.T.A. No.2040
case of CIT v. Vijay Ship Breaking Corpn. (supra) is based on wrong view of law. From very inception the correct law was that the assessee ... failed to determine the tax payable on capital gains proceeded on a wrong view of law and was bad from its very inception
held that "a wrong claim as business income of what should be treated
as short term capital gains on the advice of the assessee ... disclosed the
transaction which is the basis for capital gains tax and though wrongly claimed
exemption from the capital gains tax, but that cannot
