SUDHIR RAMESH PATEL,MUMBAI vs. ITO WARD 25(1)(4), MUMBAI

ITA 7568/MUM/2025Status: DisposedITAT Mumbai07 September 2026AY 2016-177 pages

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Income Tax Appellate Tribunal, MUMBAI BENCHES, MUMBAI

Before: SHRI SANDEEP GOSAIN

Pronounced: 07.09.2026

PER SHRI SANDEEP GOSAIN, JUDICIAL MEMBER:

This appeal is filed by the Assessee against the order of Ld. NFAC, Delhi, dated 29-Sep-2025 for the Assessment Year 2016-17. The Assessee has raised the following grounds of appeal:

1.

On the facts and circumstances of the case and in law, the learned CIT (A) erred in confirming long term capital gain of Rs. 26,70,370 in respect of sale of equity shares in D-mat form which was claimed exempt un

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