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2 results for “capital gains”+ Section 271Aclear

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Section 271B10 Section 44A10 Section 1482 Business Income2 Penalty2

SMT. ALKABEN S. DONGA,RAJKOT vs. THE ITO, WARD-1 (1) (4), RAJKOT

In the result, the appeals are allowed in favour of the Assessee

ITA 188/RJT/2019[2010-11]Status: DisposedITAT Rajkot14 Oct 2022AY 2010-11

For Appellant: Shri Mehul Ranpura, A.RFor Respondent: Shri B. D. Gupta, D.R

Section 148Section 271BSection 44A

Capital Gains. Further the assessee is of the bonafide belief that the net result in the trading of shares, cash and commodity shall be considered as “turnover” as per the Guidance Note issued by the Institute of Chartered Accountants of India (ICAI). Thus the total turnover from Derivatives, Equity Shares and Mutual Fund is Rs. 48,43,374/- which does

SMT. ALKABEN S. DONGA,RAJKOT vs. THE ITO, WARD-1 (1) (4), RAJKOT

In the result, the appeals are allowed in favour of the Assessee