earned from sale of
equity shares of Turbotech Engineering Ltd., exempted u/s 10(38) of the act.
The assessee claimed to have purchased ... shares of Turbotech
Engineering Ltd. for Rs. 1,77,192/-, sold the same for Rs. 66,35,360/- and
thereby earned a whopping capital gain
earned from sale of equity shares of
Turbotech Engineering Ltd. exempted u/s 10(38) of the act. The assessee
claimed to have purchased ... shares of Turbotech Engineering Ltd. for
Rs. 45,000/-; sold the same for Rs. 70,23,526/- and thereby earned a
whopping capital gain
Appeal
No.ITATNo.3035/Del/2018) wherein the similar transaction of Turbotech
Engineering is considered as genuine, which is quite unjust, illegal and
against ... assessee had earned income from sale of 22000
equity shares of Turbotech Engineering Limited sold at a sale
consideration
claimed from sale of equity shares of
Turbotech Engineering Limited. Sale consideration of
Rs.17,15,240/- was received from online sale made ... dealt the very same issue and the
same script i.e. Turbotech Engineering Limited. With regard
10
Hakumuddin Khambati
subject matter before us. The assessee
purchased 5000 equity shares of Turbotech Engineering Ltd. from
one broker namely Shah Space Manager ... purchase and sale of those shares of
M/s. Turbotech Engineering has been doubted by the Ld. AO
particularly since that purchase of shares were
Rupesh Vyas, Indore vs The Acit3(1), Indore, Indore on 7 December, 2022
आयकर अपील
Rupesh Vyas, Indore vs The Acit3(1), Indore, Indore on 6 December, 2022
आयकर अपील
account of sale of scrip of M/s Turbotech Engineering Ltd.
Particulars Swati Luthra Shruti Luthra Namrata Sehgal Luthra Asha Luthra
Date ... assessee are tabulated as under:
For scrip of M/s Turbotech Engineering Ltd.
Share Purchase Documents Pg 15 to 17 of PB
Share Certificate
3035/Del/2018) wherein the similar transaction of Turbotech
Engineering is considered as genuine, which is quite unjust, illegal and
against the facts ... 3035/Del/2018) wherein the similar transaction of Turbotech
Engineering is considered as genuine, which is quite unjust, illegal and
against the facts
arising out of
the sale of shares of M/s. Turbotech Engineering Ltd. in the identical
situation were considered and allowed in favour
