2026 (3) TMI 490

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.... For the Respondent : Shri Abhijit, Sr. DR ORDER PER DR. B.R.R. KUMAR, VICE-PRESIDENT:- This appeal is filed by the Assessee against the appellate order dated 06.12.2025 passed by the Commissioner of Income Tax(Appeal) Kochi, relating to the Assessment Year 2020-2021. 2. The assessee has raised the following grounds of appeal: 1. The learned CIT(A) erred in confirming intimat....

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....before or at the time of hearing. 3. The facts of the case are that assessee filed the Return of Income for A.Y. 2020-21 declaring Long Term Capital Gain (LTCG) u/s 112A on sale of equity oriented mutual funds, adopting cost of acquisition as per broker capital gain statement. CPC while processing the return u/s 143(1) wrongly ignored the cost of acquisition and treated the entire sale consider....