RAJESH BALVANTRAI BRAHMBHATT,AHMEDABAD vs. THE PR. CIT(CENTRAL), AHMEDABAD

In the result, the appeals of the assessee is allowed

Bench: Shri Siddhartha Nautiyal & Shri Makarand V.Mahadeokar

Capital Gain, which was accepted by the AO. Further, no revenue loss has occurred as the income would have been taxed at the same rate irrespective of the head of income under which it was offered." 5. The appellant humbly submit that the Ld. AO has conducted a detailed and thorough inquiry under Section 142(1) before passing the assessment

RAJESH BALVANTRAI BRAHMBHATT,AHMEDABAD vs. THE PR. CIT(CENTRAL), AHMEDABAD

In the result, the appeals of the assessee is allowed

Capital Gain, which\nwas accepted by the AO. Further, no revenue loss has occurred\nas the income would have been taxed at the same rate\nirrespective of the head of income under which it was offered.\"\n5. The appellant humbly submit that the Ld. AO has conducted a\ndetailed and thorough inquiry under Section 142(1) before\npassing the assessment

RAJESH BALVANTRAI BRAHMBHATT,AHMEDABAD vs. THE PR. CIT(CENTRAL), AHMEDABAD

In the result, the appeals of the assessee is allowed

Capital Gain, which\nwas accepted by the AO. Further, no revenue loss has occurred\nas the income would have been taxed at the same rate\nirrespective of the head of income under which it was offered.\"\n5. The appellant humbly submit that the Ld. AO has conducted a\ndetailed and thorough inquiry under Section 142(1) before\npassing the assessment