SHAMIMUL FATIMA,GORAKHPUR vs. ACIT, RANGE - 02, GORAKHPUR

In the result the appeal of the assessee is allowed

gains with the API within time allowed under provision of the Act. The case of the AO on the other hand is that the investment made for purchase of flat with M/s Arshalan Developers, was cancelled and the amount was refunded by the said developersand refund amount was invested in savings bank account