Case Law Details
Case Name : Commissioner of Income Tax Vs Vachanband Investment Ltd. (Delhi High Court)
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All High Courts Delhi High Court
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HIGH COURT OF DELHI
Commissioner of Income-tax
Versus
Vachanband Investment Ltd.
IT APPEAL NO. 84 OF 2010
SEPTEMBER 26, 2012
ORDER
S. Ravindra Bhat, J.
The Revenue which is in Appeal before the Court, is aggrieved by the order of the ITAT dated 13.03.2009 in ITA-2280/Del/2005. It urges the following substantial question of law for determination by this Court;
“Did the Tribunal err in law in finding that the loss declared by the assessee from the sale of shares of M/s J.P. Industries and Himachal Futuristic Company Ltd., could be treated as speculation loss enabling it to...
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After studying this case I called it as Market Manipulation. Market manipulation is a deliberate attempt to interfere with the free and fair operation of the market and create artificial, false or misleading appearances with respect to the price of, or ma