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Case Law Details

Case Name : Sangeeta Devi Jhunjhunwala Vs ITO (ITAT Delhi)
Related Assessment Year : 2015-16
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Sangeeta Devi Jhunjhunwala Vs ITO (ITAT Delhi)

ITAT Delhi held that addition sustained as onus to prove genuineness of the transaction is not proved by the assessee.

Facts- The case of the assessee was selected for complete scrutiny through CASS for the reason of “suspicious sale transaction in shares and exempt long-term capital gain shown in return (penny stock tab in ITS)”. Statutory notices were issued and served. In response, the details called for were fu

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