This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Genuine Share Transactions Backed by Evidence valid despite Allegations against Broker
Case Law Details
- Case Name
- ITO Vs Shaleen Khemani (ITAT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2010-11
- Courts
- All ITAT, ITAT Kolkata
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
ITO Vs Shaleen Khemani (ITAT Kolkata)
Income Tax Appellate Tribunal (ITAT), Kolkata, has dismissed the appeal filed by the Income Tax Officer (ITO) against Shaleen Khemani. The tribunal upheld the order of the Commissioner of Income Tax (Appeals) [CITA], which had earlier ruled in favor of the assessee. The core issue revolved around the Assessing Officer’s (AO) decision to treat the proceeds from the sale of shares received as a gift by the assessee as undisclosed income. The ITAT found that the AO’s action was based on conjecture and lacked any concrete legal evidence to support ...
