Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (7) TMI 637 - AT - Income TaxAssessment of Long term capital gain as income from other sources - Held that:- Evidences furnished by the assessee with regard to the purchase and sale of shares of M/s Robinson Worldwide Trade Ltd. should have been discreetly examined and then a holistic view of the matter should have been taken by the tax authorities. The Tribunal in the said case has restored the matter for fresh examination to the assessing officer. The Tribunal has also directed the AO to take into account the decision rendered by the co-ordinate bench in the case of “Shri Arvind M Kariya” [2011 (12) TMI 509 - ITAT MUMBAI]. Thus we set aside the order of Ld CIT(A) and restore all the issues to the file of the AO to decide the same a fresh - Decided in favour of assessee for statistical purposes.
|