D.C.I.T., CIRCLE-1, DIBRUGARH vs. VINOD BAMALWA, DIBRUGARH
In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed
ITA 66/GTY/2023[2013-14]Status: DisposedITAT Guwahati01 Sept 2023AY 2013-14
Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar
74,038/-, whereas during the course of assessment, bogus capital gain claim has been quantified to Rs.64,48,50,444/-. Thus the Department was not having complete list even for confronting any of the assessees. He pointed out that though no specific disclosure was made even in the statement under section 132, but whatever has been taken under a misconception
