RASHMI RANJAN BEURA,BHUBANESWAR vs. INCOME TAX OFFICER WARD-5(1), BHUBANESWAR, BHUBANESWAR

In the result, appeal of the assessee stands allowed

Bench: SHRI GEORGE MATHAN (Judicial Member), SHRI MADHUSUDAN SAWDIA (Accountant Member)

capital gains. Accordingly, the JAO on the basis of CRIU/VRU data in the record, has reopened the case as the assessee has purchased and sold properties not on behalf of companies to the tune of Rs.56,64,000/- & Rs.18,98,000/-, respectively and accordingly added to the total income of the assessee. It was submission that in the appeal before