M/s South India Travels Private Ltd. Versus M/s South India Travels Private Ltd - Income Tax - ITAT CHENNAI - Tri - Reassessment u/s 147 - Escaped Income - Held that - The assessee has earned profit on sale of shares which is exempt under section 10(38) which was the part of profit and loss account - The failed to mention this amount in the schedule of exempted income - This cannot be the income escaped from assessment - This was claimed in the return of income, but, there was only a mistake in ................................... Income Tax - Case Laws
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