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Case Law Details

Case Name : Mukta Gupta Vs ITO (ITAT Delhi)
Appeal Number : I.T.A. No.2766/DEL/2018
Date of Judgement/Order : 26/11/2018
Related Assessment Year : 2014-15
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Mukta Gupta Vs ITO (ITAT Delhi)

Conclusion: Long-term capital gains on sale of shares could not be treated as bogus on the reason that the price of these shares had risen manifolds and the reason for astronomical rise was not related to any fundamentals of market. Once the transactions were duly proved by trading from stock exchange, then to hold the gain arising from sale of shares as unexplained credit or as unexpla

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One Comment

  1. G M DEVENDRAN says:

    AUTO GSTR 2 A ATTACHED HOW RECTFY PLEASEriod Tax liability as per GSTR-1 and as per GSTR-3B ITC claimed in GSTR-3B and accrued as per GSTR-2A
    As per GSTR-1 (₹) As per GSTR-3B (₹) ITC Claimed in GSTR-3B (₹) ITC as per GSTR-2A (₹)
    July-17 63,387.66 63,387.00 72,073.00 94,033.37
    August-17 1,62,120.24 1,65,637.00 1,65,549.00 1,70,104.22
    September-17 1,40,403.00 1,40,406.00 1,57,306.00 3,22,835.47
    October-17 1,16,725.10 1,16,726.00 1,22,149.00 1,14,778.16
    November-17 1,01,268.70 1,01,268.00 96,485.00 93,202.76
    December-17 82,902.50 82,904.00 88,194.00 1,02,938.56
    January-18 1,44,929.00 0.00 0.00 89,251.36
    February-18 0.00
    March-18 1,99,066.84
    Total 8,11,736.20 6,70,328.00 7,01,756.00
    riod Tax liability as per GSTR-1 and as per GSTR-3B ITC claimed in GSTR-3B and accrued as per GSTR-2A
    As per GSTR-1 (₹) As per GSTR-3B (₹) ITC Claimed in GSTR-3B (₹) ITC as per GSTR-2A (₹)
    July-17 63,387.66 63,387.00 72,073.00 94,033.37
    August-17 1,62,120.24 1,65,637.00 1,65,549.00 1,70,104.22
    September-17 1,40,403.00 1,40,406.00 1,57,306.00 3,22,835.47
    October-17 1,16,725.10 1,16,726.00 1,22,149.00 1,14,778.16
    November-17 1,01,268.70 1,01,268.00 96,485.00 93,202.76
    December-17 82,902.50 82,904.00 88,194.00 1,02,938.56
    January-18 1,44,929.00 0.00 0.00 89,251.36
    February-18 0.00
    March-18 1,99,066.84
    Total 8,11,736.20 6,70,328.00 7,01,756.00

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