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Addition for Bogus capital Gain cannot be made merely based on Statement of Assessee
Case Law Details
- Case Name
- CIT Vs Smt. Pooja Agarwal (Rajasthan High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Rajasthan High Court
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CIT Vs Pooja Agarwal (Rajasthan High Court)
One of the main reasons for not accepting the genuineness of the transactions declared by the appellant that at the time of survey the appellant in his statement denied having made any transactions in shares. However, subsequently the facts came on record that the appellant had transacted not only in the shares which are disputed but shares of various other companies like Satyam Computers, HCL, IPCL, BPCL and Tata Tea etc.
Regarding the transactions in question various details like copy of contract note regarding purchase and sale of...
