In the result, appeal filed by assessee is allowed for statistical purpose
Bench: Shri Mahavir Singh & Shri Waseem Ahmedassessment Year :2009-10
capital gain is charged to tax at special rate and no expenditure is allowable for deduction against that income. Accordingly, AO disallowed the expenses claimed by assessee for an amount of ₹52,36,580/- and added to the total income of assessee. 4. Aggrieved assessee preferred appeal before Ld. CIT(A) who uphold the action of Assessing Officer by observing