MANGILAL DATLA,BANSWARA vs. INCOME TAX OFFICER, WARD BANSWARA, BANSWARA

In the result, the appeal filed by the assessee is allowed, both on legal issue\nas well as on facts

50C of\nthe Act. The reasons recorded nowhere mentioned this possibility. Reasons recorded, in\nfact, ignored the fact that the sale consideration as per the sale deed was Rs. 50 lakhs and\nthat the assessee had by filing the return offered his share of such proceeds by way of\ncapital gain.\"\n1.2.2 In the case of Vijay Harish Chandra Patel

ASHIANA BUILDPROP PRIVATE LIMITED,UDAIPUR vs. DCIT, CENTRAL CIRCLE-1, UDAIPUR, UDAIPUR

section 145 are not found to\nbe relevant in the facts of this case. The AO has not disturbed the book results as the cash\ntransactions are not part of regular books of accounts.\nThe ld CIT(A) has also tried to distinguish the decisions relied upon. Thus on the\nbasis of above observations the ld. CIT(A) confirmed