In the result, appeal of the Assessee is dismissed
Bench: Shri Vijay Pal Rao & Shri Manjunatha G.आ.अपी.सं /Ita No.480/Hyd/2025 Assessment Year 2020-2021 Manaveeya Development & Finance Private Limited, Hyderabad. The Dcit, Circle-5(1), Vs. Pin – 500 034. Hyderabad – 500 004. Telangana. Pan Aaecm1085E (Appellant) (Respondent) िनधा"रती "ारा /Assessee By: Ca B Satyanarayana Murthy राज" व "ारा /Revenue By: Ms U Mini Chandran, Cit-Dr सुनवाई की तारीख/Date Of Hearing: 26.11.2025 घोषणा की तारीख/Pronouncement: 24.12.2025 आदेश/Order
capital gain on sale of investment and another is in respect of arrangement fee. He has further submitted that assessee company is covered by the Ind-AS for the first time this year and according to Ind- AS, profit on sale of investment even though shares are sold during that year has to be adjusted on fair value basis over