DY. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1(1), NAGPUR vs. SHRI SANJAY GAURISHANKAR AGRAWAL , NAGPUR

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

Capital Gain 2 Shri Sanjay Gaurishankar Agrawal ITA no.109/Nag./2019 claimed as exempt income u/s 10(38) without appreciating that it was a bogus accommodation entry.” 3. The facts, as culled out from the statement of facts furnished by the Department are as under:– “The issue under consideration pertains to unsecured loans taken by the assessee. During the course

RAVINDRA MADANLAL KHANDELWAL,AKOLA vs. DCIT/ACIT CIRCLE , AKOLA

In the result, appeal filed by the assessee is allowed for statistical purposes