Search Results Page

Search Results

1 - 4 of 4 (0.35 seconds)
Meenu Goel, New Delhi vs Ito, Ward- 31(1), New Delhi on 19 March, 2018 cites

The Pr Commissioner Of Income Tax Ludh vs Hitesh Gandhi Bhatti Colony Chd Road ... on 16 February, 2017

In the above case, namely, ITA 18-2017 also the assessee had purchased and sold the shares in the same assessment years. The AO in both the cases added the appreciation to the assessees' income on the suspicion that these were fictitious transactions and that the appreciation actually represented the assessee's income from undisclosed sources. In ITA-18-2017 also the CIT(Appeals) and the Tribunal held that the AO had not produced any evidence whatsoever in support of the suspicion. On the other hand, 18 although the appreciation is very high, the shares were traded on the National Stock Exchange and the payments and receipts were routed through the bank. There was no evidence to indicate for instance that this was a closely held company and that the trading on the National Stock Exchange was manipulated in any manner.
Punjab-Haryana High Court Cites 4 - Cited by 20 - A K Mittal - Full Document
1