Capital Gain Tax paid by Wife need not be taxed again for Husband: ITAT deletes Income Tax Addition [Read Order]

Capital - Gain - tax - paid - wife - taxed - husband - ITAT - deletes - addition - TAXSCAN

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that a husband need not pay capital gain tax already paid by his wife. The assessee filed its original return of income on 28.01.2014 declaring a total income of ₹.3,09,96,140/-. Subsequently, the Assessing Officer received information from Income Tax Officer that the…

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