Held, that there was no infirmity in the order of the Commissioner (Appeals) in directing the Assessing Officer to recompute the capital gains after reducing the cost of acquisition from the sale proceeds. The Assessing Officer shall give due opportunity of being heard to the assessee while deciding the issue.(AY. 2012-13 to 2015-16)
Pujala Mahesh Babu v.Asst. CIT (2023)101 ITR 458 (Hyd) (Trib)
S. 69 : Un explained investments-Income from undisclosed sources-Short-term capital gains-Additional income was offered-Capital gains to be recomputed after reducing cost of acquisition from sale proceeds.[S. 45]