In the result, appeal filed by the Revenue is dismissed
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
Property Investments Pvt. Ltd. Vs. ITO, ITAT Bangalore dated February 9, 2018 published on March 3, 2018 on ITAT online. 3. On the facts and circumstances of the case and in law, the learned CIT(Appeals) erred in holding that share capital and premium received are on capital account and therefore cannot be treated as income without appreciating the fact