Itat appeal

Zarra.Belal.Nomani (CS Final B.com CA Final.)   (167 Points)

26 May 2016  

with due respect,

1. assessee filed return for ay 2009-10, in the return he showed net sale consideration instead of sale consideration for income chargeable to capital gain. later on the case was opened for scrutiny assessment, and the difference between sale consideration and net sale consideration ( of brokerage paid for slae of land )was considered as income escaping assessment. and further penalty proceedings were initiated. now my question is how to claim the the said brokerage which was not presented properly in income tax return, ie net sale consideration shown instead of sale consideration in manual return filed .

the appeal filed to CIT (A) has been judged agaisnt the favour of assessee !!!!