Case Law Details
Case Name : ACIT vs. Vineet Sureshchandra Agarwal (ITAT Ahmedabad)
Related Assessment Year : 2005-06
Courts :
All ITAT ITAT Ahmedabad
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Purchase and sale of shares outside the floor of Stock Exchange is not an unlawful activity. Off-market transactions are not illegal. It is always possible for the parties to enter into transactions even without the help of brokers.
When the transactions were off-market transactions, there is no relevance in seeking details of share transactions from Stock Exchanges. Such attempts would be futile. Stock Exchanges cannot give details of transactions entered into between the parties outside their flo Please become a Premium member. If you are already a Premium member, login here to access the full content.
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