MR VINAY NARAYAN KEDIA,MUMBAI vs. INCOME TAX OFFICER, WARD 22(3)(6), MUMBAI
In the result, appeal filed by assessee stands allowed
ITA 5289/MUM/2024[2015-16]Status: DisposedITAT Mumbai31 Dec 2025AY 2015-16
Section 10(38)Section 147Section 148Section 148BSection 151Section 68
148B\nof the Act is mechanical and without application of mind, and therefore,\nthe consequent assessment order is bad in law and needs to be quashed.\n4. The CIT(A) erred in upholding the action of the Assessing Officer in\nmaking an addition of Rs.1,26,49,760, by holding the consideration on\nsale of long-term capital assets being
