SHRI KETAN RAMNIKLAL MEHTA,,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-7(2),, AHMEDABAD
In the result, the appeal of the assessee is treated as partly allowed for statistical purposes
ITA 3216/AHD/2014[2010-11]Status: DisposedITAT Ahmedabad25 Mar 2022AY 2010-11
Bench: Shri P.M. Jagtap, Vice- & Shri T.R. Senthil Kumarassessment Years : 2010-11 Shri Ketan Ramniklal Mehta, Income-Tax Officer, 10, Nishant Bungalows, Part-1, Vs Ward 7(2), Nr. Shyamal Char Rasta, Satellite Ahmedabad Road, Ahmedabad – 380015 Pan : Aevpm 2649 Q अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri D.K. Parikh, Ar Revenue By : Shri V.K. Singh, Sr Dr सुनवाई क" तार"ख/Date Of Hearing : 02/03/2022 घोषणा क" तार"ख /Date Of Pronouncement: 25/03/2022 आदेश/O R D E R Per P.M. Jagtap, Vice-:
For Appellant: Shri D.K. Parikh, ARFor Respondent: Shri V.K. Singh, Sr DR
Section 148Section 263
201/-
(Short Term Capital Gains)
ii) Profit on sale of shares held as investment
= Rs.13,47,806/-
(Long Term Capital Gains)
iii) Profit from trading in shares
= Rs. 98,590/-
(Speculation activity)
iv) Loss on trading in derivatives
=(-) Rs.8,62,256/-
4. During the course of assessment proceedings, the assessee was called upon by the Assessing Officer to furnish
