In the result, the appeal filed by the assessee is partly allowed for statistical purposes
Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra
capital gains and consequently raising tax demand of 39,63,956/- inclusive of interest U/s. 234B & 234C of the Income Tax Act, 1961. b. The other grounds of appeal here under are urged without prejudice to one another: 1. On the facts & circumstances of the case, the order of the learned Assessing Officer is without jurisdiction and is void