VITP PRIVATE LIMITED,HYDERABAD vs. DCIT., CIRCLE8(1), HYDERABAD

In the result, the appeal of the assessee in ITA

Bench: Shri Ravish Sood (Judicial Member), Shri Madhusudan Sawdia (Accountant Member)

capital gain and income from other sources aggregating to Rs.8,54,52,625/-. After considering the submissions filed by the assessee, the Ld. PCIT concluded that both the issues were not examined by the Ld. AO during scrutiny assessment, hence treated the order of the Ld. AO as erroneous and prejudicial to the interest of the Revenue. Accordingly, vide order