Case Law Details
Case Name : ITO Vs. Arvind Kumar Jain HUF (ITAT Mumbai)
Appeal Number : ITA No. 4862/MUM/2014
Date of Judgement/Order : 18/09/2017
Related Assessment Year : 2005- 06
Courts :
All ITAT ITAT Mumbai
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In the case of Arun Kumar Agarwal (HUF) (supra), the Hon’ble Jharkhand High Court has held that where assessee’s broker share transaction was bone fide in all respect, merely because share broker was tainted violating SEBI regulations, would not make assessee’s share transactions bogus.
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