M/S. CHANDAN INFRATECH LIMITED,,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-1(3),, AHMEDABAD
ITA 1597/AHD/2016[2011-12]Status: DisposedITAT Ahmedabad13 Jul 2022AY 2011-12
For Appellant: Shri Milin Mehta, A.RFor Respondent: Shri A. P. Singh, CIT/D.R
Section 111ASection 143(1)Section 143(3)
section 111A /112 of the Income Tax Act, 1961,
4. The learned CIT (A) erred in fact and in law in confirming the action of the AO by holding that true picture of transactions were not shown on the ground that appellant was not following FIFO method for calculating gain or loss for sale of shares.
5. Without prejudice
