Case Law Details
Case Name : Sanjana Anil Agarwa Vs ITO (ITAT Mumbai)
Related Assessment Year : 2014-2015
Courts :
All ITAT ITAT Mumbai
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Sanjana Anil Agarwa Vs ITO (ITAT Mumbai)
KDJ Penny Stock Charge Fails — Mumbai ITAT Deletes ₹4.53 Cr Addition u/s 68 & 3% Commission
The Mumbai ITAT (G Bench) allowed the appeal of the Assessee for AY 2014-15 and deleted the addition of ₹4.53 crore made u/s 68 of the Income-tax Act by treating long-term capital gains on sale of shares of KDJ Holidays Scapes & Resorts Ltd. as bogus, along with consequential addition of 3% commission u
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