Bench: Shri S.S.Godara & Dr. Dipak P. Ripoteआयकर अपीलसं. / Ita No.136/Pun/2021 िनधा"रण वष" / Assessment Year : 2015-16 Rajkumar Premchand Tulsani, The Pr.Commissioner Of Sr.No.46/8, Bombay Pune V Income Tax-5, Pune. Road, Akurdi, Pune – 411038. S Pan: Aawpt 8002 B Assessee/ Appellant Respondent /Revenue Assessee By Shri M.K.Kulkaani – Ar/Advocate Revenue By Shri Sardar Singh Meena,Irs – Dr Commissioner Of Income Tax. Date Of Hearing 03/05/2023 Date Of Pronouncement 06/07/2023

Capital Gain” and business loss of Rs.41,11,249/-. The assessee’s case was selected for scrutiny. The assessment order was passed on 12.12.2017 accepting the returned income. The AO has not discussed any issue in the assessment order. The ld.Pr.CIT invoked the provisions of section 263. The ld.Pr.CIT has observed that the assessee has debited an amount of Rs.51