IT : Where assessee sold shares at discounted price, Assessing Officer was not correct in ignoring sale of shares at loss while considering allotment of shares at a premium

IT : Where assessee sold shares at discounted price, Assessing Officer was not correct in ignoring sale of shares at loss while considering allotment of shares at a premium

IT : Refixing sale value of shares by certain notional means is not permitted in law while computing business
income

IT : Where assessee was not a searched party, notice under section 153A could not be issued



[2013] 36 taxmann.com 122 (Hyderabad - Trib.)

IN THE ITAT HYDERABAD BENCH 'A'

Deputy Commissioner of Income-tax

v.

A.S.P. Software Solutions (P.) Ltd.*