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Income Tax

153A Addition Deleted for Lack of Incriminating Material

Case Law Details

Case Name
Nitin Johari Vs ACIT (ITAT Delhi)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2013-14
Advertisement Nitin Johari Vs ACIT (ITAT Delhi) No Incriminating Material, No Bogus LTCG: Delhi ITAT Deletes ₹1.25 Cr Penny-Stock Addition in 153A Assessment Delhi ITAT ‘E’ Bench in Nitin Johari Vs. ACIT, Central Circle-3, New Delhi [ITA No. 1530/Del/2022, AY 2013-14, order dated 31.12.2025] allowed Assessee’s appeal and deleted additions of ₹1,25,47,408 on account of alleged bogus LTCG and ₹7,52,844 towards estimated commission @6%, made in assessment framed u/s 153A r.w.s. 143(3). Search u/s 132 was conducted in Bhushan Steel Group on 13.06.2014 and Assessee was also covered. ...
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Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,900

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