2023 (7) TMI 857

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....hi a/w Shri Priyank Gandhi For the Revenue : Shri Ashok Kumar Ambartha ORDER PER SANDEEP SINGH KARHAIL, J.M. The present appeal has been filed by the assessee challenging the impugned order dated 23/02/2023, passed under section 250 of the Income Tax Act, 1961 ("the Act") by the learned Commissioner of Income Tax (Appeals), Delhi, National Faceless Appeal Centre, ["learned CIT(A)"], fo....

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....est u/s 234C of the Act is leviable in the Appellant's case in view of clause (a) to the First Proviso of Section 234C(1) of the Act, as the Appellant had sold shares only in the month of March 2017 (ie in last quarter of the Assessment Year 2017-18). ii. Without Prejudice, no adjustment beyond those as specified in section 143(1) of the Act can be made in the intimation order under S....

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.... the normal provisions of the Act and Rs. 49,89,29,337 under section 115JB of the Act. Since the tax payable under the MAT was higher than the normal provisions of the Act, the tax liability was discharged under the MAT provisions by way of advance tax, and a refund was determined amounting to Rs. 10,21,755. The said revised return was processed vide intimation dated 12/04/2009 issued under sectio....

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.... of both sides and perused the material available on record. From the perusal of the revised computation of income, forming part of the paper book, we find that during the year the assessee earned long-term capital gain of Rs. 46,10,10,711 on the sale of shares. From Schedule 1 to revised competition of income, we find that the assessee sold the shares on 01/03/2017 and in this regard also paid ad....