NUTAN NAGRIK SAHAKARI BANK LIMITED,AHMEDABAD vs. THE PR. CIT, AHMEDABAD-1, AHMEDABAD
In the result, the appeal of the assessee is partly allowed
ITA 1023/AHD/2025[2020-21]Status: DisposedITAT Ahmedabad27 Nov 2025AY 2020-21
For Appellant: \nShri Bandish Soparkar, ARFor Respondent: \nShri Alpesh Parmar, CIT-DR
Section 10(15)Section 143(3)Section 144BSection 14ASection 263Section 28Section 36(1)(viia)
1)(viia) of the Act on the entire income of\n₹17,55,97,752/-, even though this income consisted of capital gains of\n₹6,36,76,032/- which does not fall under the head “Profits and Gains of\nBusiness or Profession.” The Principal CIT observed that section
