SULPHI SAINUDEEN SUNJU,ALAPPUZHA vs. THE ITO WARD 1 & TPS, ALAPPUZHA, ALAPPUZHA
In the result, the assessee’s appeal is dismissed
ITA 701/COCH/2022[2017-2018]Status: DisposedITAT Cochin20 Jan 2023AY 2017-2018
Bench: Smt. Beena Pillai & Ms. Padmavathy S.Assessment Year : 2017-18
For Appellant: Shri R. Krishna, CAFor Respondent: Shri M. Rajasekhar, CIT(DR)
Section 115BSection 263Section 68
gains of business or profession’, then the same cannot be taxed u/s. 115BBE. The PCIT did not accept the submissions of the assessee and proceeded to set aside the order of the AO by holding that –
“6.1 It is a fact that the assessee admitted an income of Rs.22,20,330/- in his return of income
