Anand Dilipbhai Patel v. ITO (2024)113 ITR 44 (SN)(Ahd)(Trib)

S. 45 : Capital gains-Long-term capital gains-Merely on the basis of Audit report addition cannot be made. [S.143(1)]

Held that  the Commissioner (Appeals) had erred in making addition  towards long-term capital gains as reported in clause 16(d) of the tax audit report, while the assessee had duly declared long-term capital gains  in the return and paid due taxes thereon. Addition is deleted.  (AY.2021-22)

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