Mr. Lalit, a dealer in shares and securities, has entered into following transactions during the previous year 2021-22: (i) Received a motor car of ₹5,00,000 as gift from his friend Sunil on the occasion of his marriage anniversary. (ii) Cash gift of ₹21,000 each from his four friends. (iii) Land at Jaipur on 1st July,2021 as a gift from his friend Kabra, the stamp duty value of the land is 6 lakhs as on the date. The land was acquired by Mr. Kabra in the previous year 2001-02 for ₹ 2 lakhs. Mr. Lalit purchased from his friend Mr. Abhishek, who is also a dealer in shares, 1000 shares of ABC Ltd. @400 each on 19th June,2021 the fair market value of which was ₹600 each on that date. Mr. Lalit sold these shares in the course of his business on 23rd June, 2021. Further, on 1st November, 2021, Mr. Lalit took possession of his residential house booked by him two years back at ₹20 lakh. The stamp duty value of the property as on 1st November, 2021 was ₹32 lakh and on the date of booking was ₹24 lakh. He had paid ₹1 lakh by account payee cheque as down payment on the date of booking. He received a shop (building) of the fair market value ₹1,50,000 and cash ₹50,000 in distribution from the ABC (P) Ltd at the time of liquidation process of the company in proportion of his share capital. The balance in general reserve of the company attributable to his share capital is ₹1,25,000. On 1st March,2022, he sold the plot of land at Jaipur for ₹8 lakh. The value of the cost inflation index is 100 and 317 for the previous year 2001-02 and 2021-22 respectively. Compute the income of Mr. Lalit chargeable under the head "Income from other sources" and "Capital Gains" for A. Y. 2022-23.

Mrs. Shruti is an Indian citizen, is currently in employment with an overseas company located in UAE. During the previous year 2021-22, she comes to India for 157 days. She is in India for 200 days, 100 days, 76 days and 45 days in the financial years 2017-18, 2018-19, 2019-20 and 2020-21, respectively. Her annual income for the previous year 2021-22 is as follows: ParticularsAmount (₹) Income from salary earned and received in UAE2,00,000 Income earned and received from a house property situated in UAE5,00,000 Income deemed to be accrued and arise in India5,00,000 Income from retail business (accrued and received outside India, controlled from India)10,00,000 Income accrued and arise in India3,00,000 Life insurance premium paid by cheque in India1,50,000 Determine the residential status of Mrs. Shruti for the assessment year 2022-23. (Support your Answer with computation)

The assessee is found to be the owner of the gold (market value of which is ₹50,00,000) during the financial year ending 31-03-2022 but he recorded to have spent ₹10,00,000 in acquiring the same. Explain how the Assessing Officer will deal with the issue.