OM PRAAKSH SINGH,RANCHI vs. DCIT, CIRCLE-1, RANCHI
In the result, appeal filed by the assessee is allowed
ITA 361/RAN/2018[2009-10]Status: DisposedITAT Ranchi10 Sept 2020AY 2009-10
Bench: Shri S.S, Godara, Jm & Dr. A.L. Saini, Am Om Prakash Singh Vs. Dcit, Circle-1, Ranchi Sankalp, East Jail Road, Ranchi- 834001. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Agkps0300D (अपीलाथ" /Appellant) .. (""थ" / Respondent)
For Appellant: Shri Manjit Verma, A/RFor Respondent: Shri A. K. Mohanti, JCIT, Sr. DR
Section 142(1)Section 143(3)Section 147Section 148Section 234CSection 263Section 37(1)
price Rs. 213.31 lakhs) after reducing provision for diminution in value of Rs, 182.90 lakhs and such provision for diminution in the value of investment (Rs. 182.90 lakhs) was debited to the profit/loss a/c. as the investment in shares was to be treated as capital investment and any expenditure/loss thereon was to be treated as capital expenditure/loss
