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Case Law Details

Case Name : Poornima Ramesh Shenoy Vs ITO (ITAT Mumbai)
Related Assessment Year : 2014-15
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Poornima Ramesh Shenoy Vs ITO (ITAT Mumbai)

ITAT Mumbai held that addition u/s 68 unsustainable as department failed to establish that assessee was involved in price manipulation even after purchasing and selling the shares on the stock exchange through SEBI registered stock.

Facts- The assessee is an individual and for the year under consideration filed the return of income on 13/04/2015, declaring a total income of Rs. 20,480/-. The return filed by the assessee was selec

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