DUSHYANT BHARATBHAI MEHTA,RAJKOT vs. ITO WD-(2)(1)(2) , RAJKOT

In the result, appeal filed by the assessee, is allowed

54G, 54A, (ii) Sale\nconsideration of property in ITR is less then consideration reported in Form No.\n26QB. (iii). Substantial increase in capital in a year.\n4. Accordingly, a notice u/s 143(1) of the Act was issued on 19.09.2016 and\nduly served upon the assessee. The notices u/s 142(1) of the Act, calling for\nvarious details were issued

PARAS MEHTA,RAJKOT vs. THE ITO WARD 2 (1) (2), RAJKOT

In the result, the appeal of the assessee is allowed