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1 - 10 of 20 (0.28 seconds)Section 68 in The Income Tax Act, 1961 [Entire Act]
Section 139 in The Income Tax Act, 1961 [Entire Act]
Section 132 in The Income Tax Act, 1961 [Entire Act]
Section 115BBE in The Income Tax Act, 1961 [Entire Act]
Section 127 in The Income Tax Act, 1961 [Entire Act]
Section 246A in The Income Tax Act, 1961 [Entire Act]
Shri Abhishek Gupta, Indore vs Ito-5(5), Indore on 17 August, 2022
16. Verbatimly similar facts & circumstance including the scrip
of 'penny stock' i.e. TEL came for consideration before the Ld.
Co-ordinate bench in the case of 'Abhishek Gupta Vs ITO' [2023,
147 Taxmann.com 21] wherein the Ld. Co-ordinate bench after
threadbare discussion of various case laws relied by assessee &
Revenue (as relied by rival parties in the present bunch of
appeals), dismissed the assessee's appeal following the ratio laid
down by the Hon'ble High Court of Kolkata in 'PCIT Vs Swati
Bajaj' [2022, 288 Taxman 403(Kol)], reliance was also placed in
case of 'Sumati Dayal v. CIT' [1995, 214 ITR 80 (SC)], & 'CIT
Vs Durga Prasad More' [1971, 82 ITR 540 (SC)].
Sumati Dayal vs Commissioner Of Income-Tax, Bangalore on 28 March, 1995
16. Verbatimly similar facts & circumstance including the scrip
of 'penny stock' i.e. TEL came for consideration before the Ld.
Co-ordinate bench in the case of 'Abhishek Gupta Vs ITO' [2023,
147 Taxmann.com 21] wherein the Ld. Co-ordinate bench after
threadbare discussion of various case laws relied by assessee &
Revenue (as relied by rival parties in the present bunch of
appeals), dismissed the assessee's appeal following the ratio laid
down by the Hon'ble High Court of Kolkata in 'PCIT Vs Swati
Bajaj' [2022, 288 Taxman 403(Kol)], reliance was also placed in
case of 'Sumati Dayal v. CIT' [1995, 214 ITR 80 (SC)], & 'CIT
Vs Durga Prasad More' [1971, 82 ITR 540 (SC)].
Commissioner Of Income-Tax, West ... vs Durga Prasad More on 26 August, 1971
16. Verbatimly similar facts & circumstance including the scrip
of 'penny stock' i.e. TEL came for consideration before the Ld.
Co-ordinate bench in the case of 'Abhishek Gupta Vs ITO' [2023,
147 Taxmann.com 21] wherein the Ld. Co-ordinate bench after
threadbare discussion of various case laws relied by assessee &
Revenue (as relied by rival parties in the present bunch of
appeals), dismissed the assessee's appeal following the ratio laid
down by the Hon'ble High Court of Kolkata in 'PCIT Vs Swati
Bajaj' [2022, 288 Taxman 403(Kol)], reliance was also placed in
case of 'Sumati Dayal v. CIT' [1995, 214 ITR 80 (SC)], & 'CIT
Vs Durga Prasad More' [1971, 82 ITR 540 (SC)].