JAYARAM BASANI,HYDERABAD vs. ACIT, CIRCLE-15(1), HYDERABAD
In the result, the appeal of the assessee is allowed
ITA 524/HYD/2022[2017-18]Status: DisposedITAT Hyderabad31 Jan 2023AY 2017-18
Bench: Shri Rama Kanta Panda & Shri Laliet Kumar
For Appellant: Sri K. Sai Prasad, C.AFor Respondent: Sri KPRR Murthy
Section 269SSection 271DSection 273
capital gain arose on account of sale in the assessment year 2016-17, for that purpose, he has drawn our attention to the ITR – V. Further, the ld. AR had also submitted that the assessee had deposited the sale proceeds into his bank account in A.Y. 2017-18. Based on bank deposits made by assessee, the Revenue had issued notice
