sale of 4200 equity shares of one M/s.Turbotech
Engineering Ltd., and treating the consideration of ₹19,72,500/-
received on such sale under ... that assessee had
acquired 4200 equity shares of one M/s.Turbotech Engineering Ltd.,
through off market purchase on 04.04.2012. As per the ld.
Authorised
observed that the assessee has sold 10,000 shares of
Turbotech Engineering Pvt Ltd for total consideration of Rs.
24,13,604/- and after reducing ... gain , which is
exempt from tax. The Assessing Officer learnt that Turbotech
Engineering Pvt Ltd is also one such company which has been
identified
Turbotech Precision Engineering ... vs Deputy Commissioner Of Income Tax ... on 12 October, 2018
IN THE INCOME TAX APPELLATE TRIBUNAL
"B" BENCH : BANGALORE
BEFORE ... 2252/Bang/2018
Assessment Year : 2013-14
M/s. Turbotech Precision
Engineering Pvt. Ltd.,
The Deputy
Survey No. 8/2,
Commissioner of Income
Honnasandra Village
that the assessee has acquired 5,000 shares of M/s.
Turbotech Engineering Ltd. on 09/04./2011 for a total cost ... company as an investment option. The trade patterns of
M/s Turbotech Engineering Ltd. Vis a vis BSE SENSEX shows that the
3
stocks
persons or with the
Director/Promotors of the company M/s Turbotech Engineering Ltd. or any
of their subsidiary or associate companies or concerns. Appellant
persons or with the Director/Promotors of the company
M/s Turbotech Engineering Ltd. or any of their subsidiary or
associate companies or concerns. Appellant
case of CST Vs. Turbotech Precision Eng. Pvt. Ltd. 2010 (18) STR 545 (KAR) and the case of Strategic Engineering
