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Section 271(1)(c)2

MOHA NARENDRA GANDHI ,HYDERABAD vs. INCOME TAX OFFICER, WARD-12(5), HYDERABAD

In the result, assessee’s appeal is partly allowed

ITA 1156/HYD/2019[2015-16]Status: DisposedITAT Hyderabad11 Jun 2020AY 2015-16

Bench: Smt. P. Madhavi Deviassessment Year: 2015-16

For Appellant: Sri A SrinivasFor Respondent: Sri Sandeep Kumar Mehta, DR

Section 271(1)(c)Section 49Section 54BSection 54ESection 55(2)

54D, 54G and 54GA”. The AO observed that the assessee had received 2000 shares as gift from her father which she has sold during the year and has earned capital gain therefrom but has claimed part of the capital gain as exempt u/s 54EC and the balance of capital gain has been deposited into the capital gain a/c. The assessee