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
capital gain of Rs. 2474201
and dividend of Rs. 263040 as appellant's business income. The appellant mainly contended that
(a) The appellant kept a separate portfolio for investment and over the years department had accepted the same as investment.
(b)
The appellant invested in shares to earn dividend and consistently followed the practice of investment.
(c) The addition