RACHNA SANJAY SHAH,AHMEDABAD vs. PCIT, AHMEDABAD -1, AHMEDABAD
In the result, the appeal filed by the assessee is allowed
ITA 626/AHD/2024[2014-15]Status: DisposedITAT Ahmedabad05 Nov 2024AY 2014-15
Bench: Shri/St.R. Senthil Kumar & Narendra Prasad Sinhaasst.Year :2014-2015 Rachana Sanjay Shah The Pr.Cit-1 72, Tapovan Society Vs Ahmedabad. Nr. Manekbaug Hall Ambawadi Ahmedabad 380015. Pan : Amdps 6571 P
For Appellant: Shri S.N. Divatia, AR and Shri Samir Vora, AFor Respondent: Shri Sudhendu Das, CIT-DR
Section 142(1)Section 147Section 148Section 263
147 rws 144B passed on 21.03.2022 by AO accepting the LTCG on sale of shares of Looks Health Services Ltd.
(short 'LHSL') Rs. 92,12,772/- as genuine and the appellant was entitled to exemption u/s 10(38) of the Act was erroneous and prejudicial to the interest of the revenue. 2.2 That the in the facts and circumstances
