ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-3, GUWAHATI vs. SHRI PANNALAL BHANSALI, GUWAHATI
In the result, appeal of the revenue as well as the Cross
ITA 428/GTY/2019[2016-17]Status: DisposedITAT Guwahati31 Aug 2023AY 2016-17
Bench: Shri Sanjay Garg & Shri Girish Agrawalassessment Year: 2016-17
For Respondent: Shri P. S. Thuingaleng, ACIT
Section 10(38)Section 143(2)Section 143(3)Section 68
68 of the Act b)
Addition on account of Long Term
-
Rs.2,58,69,249/-
Capital Gain (LTCG) claimed as exemption u/s. 10(38) and Short
Term Capital Gain (STCG) c)
Disallowance of loss from trading
-
Rs.20,22,293/- in commodity and F&O derivatives
2.2. In the addition and disallowance at (a) and (b) above, revenue is in appeal
