Claim of LTCG u/s 10(38) of Income Tax Act Rejected due to Non submission of Documents: ITAT Quashes Order [Read Order]

By Shabna Rahim - On June 20, 2023 7:30 pm - 2 mins read
Claim of LTCG - Income Tax Act - Rejected due - Non submission - Documents - ITAT - TAXSCAN

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) quashed the order of the assessing officer (AO) for rejecting the claim of long-term capital gain (LTCG) under section 10(38) of the Income Tax Act,1961 on grounds of non-submission of documents.  Ahmednagar Investments Pvt. Ltd, the appellant assessee filed two appeals against the order passed by the Commissioner of Income…

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