ASSISTANT COMMISSIONER OF INCOME TAX, LUCKNOW vs. SUDHANSHU TRIVEDI, LUCKNOW
ITA 418/LKW/2024[2015-16]Status: DisposedITAT Lucknow31 Oct 2025AY 2015-16
Bench: Shri. Sudhanshu Srivastava & Shri Nikhil Choudharyassessment Year: 2015-16 The Acit V. Sudhanshu Trivedi Lucknow 21/1013, Sector 21 Indira Nagar, Lucknow (U.P) Tan/Pan:Ackpt4164G (Appellant) (Respondent) Appellant By: Shri Amit Singh Chouhan, D.R. Respondent By: S/Shri Rajat Jain & Akshat Jain, Cas O R D E R
For Appellant: Shri Amit Singh Chouhan, D.RFor Respondent: S/Shri Rajat Jain and Akshat Jain, CAs
Section 10(38)Section 115BSection 143(1)(a)Section 143(3)Section 144BSection 147Section 148Section 149Section 271(1)(c)
Capital Gains which were claimed as exempt under section 10(38) of the Act by the beneficiaries. The assessee was required to explain the credit entry of Rs.1,36,00,000/- in his Bank account and after considering the submissions made by the assessee, the AO, not being satisfied with the replies furnished by the assessee, held that the assessee
