Sponsored
    Follow Us:

Case Law Details

Case Name : Dolarrai Hemani Vs ITO (ITAT Kolkata)
Related Assessment Year : 2005-06
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

ITAT held that when purchase and sale of shares were supported by proper contract notes , deliveries of shares were received through demat accounts maintained with various agencies, the shares were purchased and sold through recognized broker and the sale considerations were received by account payee cheques, the transactions cannot be treated as bogus and the income so disclosed was assessable as LTCG. We find that in the instant

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

2 Comments

  1. Naresh Samkaria says:

    Assessing Officers in other states have not accepted the jodgement in the assessment proceedings for the Assessment Year 2014-15 and have gone ahead with additions on account of penny stock long term capital gains.

  2. Naresh Samkaria says:

    Assessing Officers in other states have not accepted the jodgement and have gone ahead with additions on account of penny stock long term capital gains. They are still foung it.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31