SUNITA ADUKIA,RANCHI vs. DCIT CIR-2, RANCHI
In the result, appeal is partly allowed
ITA 15/RAN/2018[13-14]Status: DisposedITAT Ranchi30 Oct 2019
Bench: S/Shri Chandra Mohan Gargassessment Year: 2013-14
For Appellant: Shri Rajiv Ranjan Mittal, CAFor Respondent: Shri P.K.Mondal, Addl. CIT(DR)
Section 132Section 143(3)Section 153Section 153ASection 54
capital gain at
Rs.25,34,024/- and assed the total income at Rs.53,16,597/-.
5. On appeal, the CIT(A) observed that the transaction in question is an
adventure in nature of trade as defined under section 2(13) of the Act and
that profits arising therefrom are chargeable to tax under the head “profits
and gains of business
