Failure to Furnish Purchaser Company Confirmation and Documentary Evidence on Conveyance Deed: ITAT upholds Addition on Capital Gain on Slump Sale of Sugar Unit [Read Order]

Failure to Furnish Purchaser Company Confirmation and Documentary Evidence on Conveyance Deed - ITAT upholds Addition on Capital Gain on Slump Sale of Sugar Unit - TAXSCAN

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has upheld the addition of capital gain on slump sale of sugar unit on failure to furnish purchaser company confirmation and documentary evidence on conveyance deed. The assessee, Sir Shadilal Enterprises Limited had filed appeal holding that the Commissioner of Income Tax Appeals (CIT (A)) had…

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