KUMAR ARUNOSAYA,PATNA vs. A.O., CIRCLE-6, PATNA

In the result, the appeals of the assessee are allowed, the appeals of the revenue is dismissed and the Cross-objections of the assessee are also dismissed

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

201-12 itself and assessee realized part of the sales consideration during the year only; but the assessee failed to do so. Now, when the assessee has offered the capital gain in the year under consideration in consequence of recovery of major sales proceeds, the same are being assessed as offered to protect the interest of Revenue. Assessing Officer failed

DCIT, CIRCLE-4, PATNA vs. KUMAR ARUNODAYA, PATNA

In the result, the appeals of the assessee are allowed, the appeals of the revenue is dismissed and the Cross-objections of the assessee are also dismissed