In the result, both the appeals filed by the Revenue are allowed for statistical purposes
Bench: Shri R.K. Panda & Shri K. Narasimha Chary
capital gains is exhaustively defined as “the amount actually paid for acquiring” such shares u/s Page 12 of 22 ITA Nos 1106 and 1107 of 2017 Alpha Villas Pvt Ltd 55(2)(aa)(i) of the Act. The learned Assessing Officer has not questioned the fact that the Appellant has not actually paid for acquiring the shares. The appellant