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LTCG from sale of shares of TEL is Bogus: ITAT Indore
Case Law Details
- Case Name
- Abhishek Gupta Vs ITO (ITAT Indore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Indore
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Abhishek Gupta Vs ITO (ITAT Indore)
ITAT Indore Upheld the Action of Revenue in holding LTCG earned from sale of shares of Turbotech Engineering Ltd. (TEL) as Bogus, The Hon. Tribunal followed the decision of Hon. Calcutta High Court rendered in case of PCIT vs. Swati Bajaj ITA No. 06/2022 Dated 14.06.2022
FULL TEXT OF THE ORDER OF ITAT INDORE
1. This appeal filed by the assessee is directed against the order dated 29.11.2018 of learned Commissioner of Income-Tax (Appeals)-II, Indore [“Ld. CIT(A)”] in Appeal No. IT-10421/16-17/530, which in turn arises out of the order of ...
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