Case Law Details
Case Name : ITO Vs Oval Investment Pvt. Ltd (ITAT Delhi)
Related Assessment Year : 2017-18
Courts :
All ITAT ITAT Delhi
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ITO Vs Oval Investment Pvt. Ltd (ITAT Delhi)
AIS/Form 10DB Mismatch Not Conclusive- Share & F&O Profits Taxable Only in Real Owner’s Hands- Commission Agent Cannot Be Taxed on Principal’s Trading Income
dismissed the Revenue’s appeal and upheld deletion of additions aggregating to ₹4.13 crore, holding that share trading, F&O and dividend income belonged to the principal (M/s RKS Di Please become a Premium member. If you are already a Premium member, login here to access the full content.
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