SEABIRD MARINE SERVICES PRIVATE LIMITED,JAMNAGAR vs. ACIT, CIRCLE - 1, JAMNAGAR, JAMANGAR

In the result, ground No.4 raised by the assessee is allowed

gain should have been shown\nirrespective of treatment in book of account. Therefore, ld CIT(A), based on these\nfacts, confirmed the addition made by the assessing officer.\n10. Shri S. N. Soparkar, Ld. Senior Counsel for the assessee, pleaded on behalf\nof assessee that there was reduction in the capital and the assesssee has “written\noff\" the investments

RADHIKA JEWELLERS,RAJKOT vs. DY.CIT 2 (1), RAJKOT

In the result, appeal filed by the assessee is allowed