VINAY RAMSHARANDAS AGRAWAL,NAGPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX-II, NAGPUR

In the result, appeal by the assessee stands allowed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

13. The learned Departmental Representative further submitted that the Assessing Officer did not make any enquiries in respect of claims made by the assessee regarding the cost of acquisition and cost of improvement. He specifically pointed out to note the contents of Para–11 of the impugned order passed by the learned PCIT which is reproduced below Para–10

ACIT-CENTRAL CIRCLE -2(1), NAGPUR vs. SHRI NANDKUMAR KHATTUMAL HARCHANDANI , NAGPUR