PCIT v. Swati Bajaj

139 Taxmann.com 352High Court2022#160 most cited

What is PCIT v. Swati Bajaj authority for?

Tax authorities are entitled to examine surrounding circumstances and apply the test of human probabilities to determine the genuineness of long-term capital gains arising from the sale of manipulated penny stock, even if prima facie documents appear to support the transaction.

443

judgments rely on this decision, according to BharatTax’s citation analysis of 366,005 Indian tax judgments — from 2022 to 2026.

Also referred to as

PCIT v. Swati Bajaj · Swati Bajaj · section 10(38) · long term capital gain · LTCG on penny stock · bogus capital gain · manipulated shares · surrounding circumstances · human probabilities test · genuineness of transaction · onus of proof

Also reported as

446 ITR 56288 Taxmann 403

Issues it is cited on

Judgments citing PCIT v. Swati Bajaj

Deputy Commissioner of Income-Tax, Circle - Ichalkranji, Ichalkranji vs. Manisha Rajendra Shete, Kolhapur

Appeals are allowed in above terms

ITA 666/PUN/2019[2015-16]Status: DisposedITAT Pune29 Sept 2022AY 2015-16

Bench: Shri S.S.Godara & Shri Inturi Rama Raoआयकर अपीलसं. / Ita No.664/Pun/2019 िनधा"रणवष" / Assessment Year : 2015-16 The Deputy Commissioner Nilawati Neminath Shete, Of Income Tax, Vs Mahaveer Nagar, A/P- Hupari, Ichalkalkaranji Circle, . Tal – Hatkanangale, Ichalkaranji. Dist-Kolhapur, Maharashtra – 416203. Pan: Aczps 8442 H Appellant/ Assessee Respondent /Revenue आयकर अपीलसं. / Ita No.665/Pun/2019 िनधा"रणवष" / Assessment Year : 2015-16 The Deputy Commissioner Niranjan Rajendra Shete, Of Income Tax, Vs Mahaveer Nagar, A/P- Hupari, Ichalkalkaranji Circle, . Tal – Hatkanangale, Ichalkaranji. Dist-Kolhapur, Maharashtra – 416203. Pan: Botps 0314 D Appellant/ Assessee Respondent /Revenue आयकर अपीलसं. / Ita No.666/Pun/2019 िनधा"रणवष" / Assessment Year : 2015-16 The Deputy Commissioner Manisha Rajendra Shete, Of Income Tax, Vs Mahaveer Nagar, A/P- Hupari, Ichalkalkaranji Circle, . Tal – Hatkanangale, Ichalkaranji. Dist-Kolhapur, Maharashtra – 416203. Pan: Aczps 8514 N Appellant/ Assessee Respondent /Revenue Assessee By None Revenue By Shr Ramnath P Murkunde – Dr Date Of Hearing 08/09/2022 Date Of Pronouncement 29/09/2022

Section 10(38)Section 143(3)Section 68

…आयकर अपीलीय अिधकरण “ए” "ायपीठ पुणे म"। IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, PUNE BEFORE SHRI S.S.GODARA, JUDICIAL MEMBER AND SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER आयकर अपीलसं. / ITA No.664/PUN/2019 िनधा"रणवष" / Assessment Year : 2015-16 The Deputy Commissioner Nilawati Neminath Shete, of Income Tax, Vs Mahaveer Nagar, A/p- Hupari, Ichalkalkaranji Circle, . Tal – Hatkanangale, Ichalkaranji. Dist-Kolhapur, Maharashtra – 416203. PAN: ACZPS 8442 H Appellant/ Assessee Respondent /Revenue आयकर अपीलसं. / ITA No.665/PUN/2019 िनधा"रणवष" / Assessment Year : 2015-16 The Deputy Commissioner Niranjan Rajendra She…

Deputy Commissioner of Income-Tax, Ichalkaranji Circle, Ichalkaranji vs. Niranjan Rajendra Shete, Kolhapur

Appeals are allowed in above terms

ITA 665/PUN/2019[2015-16]Status: DisposedITAT Pune29 Sept 2022AY 2015-16

Bench: Shri S.S.Godara & Shri Inturi Rama Raoआयकर अपीलसं. / Ita No.664/Pun/2019 िनधा"रणवष" / Assessment Year : 2015-16 The Deputy Commissioner Nilawati Neminath Shete, Of Income Tax, Vs Mahaveer Nagar, A/P- Hupari, Ichalkalkaranji Circle, . Tal – Hatkanangale, Ichalkaranji. Dist-Kolhapur, Maharashtra – 416203. Pan: Aczps 8442 H Appellant/ Assessee Respondent /Revenue आयकर अपीलसं. / Ita No.665/Pun/2019 िनधा"रणवष" / Assessment Year : 2015-16 The Deputy Commissioner Niranjan Rajendra Shete, Of Income Tax, Vs Mahaveer Nagar, A/P- Hupari, Ichalkalkaranji Circle, . Tal – Hatkanangale, Ichalkaranji. Dist-Kolhapur, Maharashtra – 416203. Pan: Botps 0314 D Appellant/ Assessee Respondent /Revenue आयकर अपीलसं. / Ita No.666/Pun/2019 िनधा"रणवष" / Assessment Year : 2015-16 The Deputy Commissioner Manisha Rajendra Shete, Of Income Tax, Vs Mahaveer Nagar, A/P- Hupari, Ichalkalkaranji Circle, . Tal – Hatkanangale, Ichalkaranji. Dist-Kolhapur, Maharashtra – 416203. Pan: Aczps 8514 N Appellant/ Assessee Respondent /Revenue Assessee By None Revenue By Shr Ramnath P Murkunde – Dr Date Of Hearing 08/09/2022 Date Of Pronouncement 29/09/2022

Section 10(38)Section 143(3)Section 68

…आयकर अपीलीय अिधकरण “ए” "ायपीठ पुणे म"। IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, PUNE BEFORE SHRI S.S.GODARA, JUDICIAL MEMBER AND SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER आयकर अपीलसं. / ITA No.664/PUN/2019 िनधा"रणवष" / Assessment Year : 2015-16 The Deputy Commissioner Nilawati Neminath Shete, of Income Tax, Vs Mahaveer Nagar, A/p- Hupari, Ichalkalkaranji Circle, . Tal – Hatkanangale, Ichalkaranji. Dist-Kolhapur, Maharashtra – 416203. PAN: ACZPS 8442 H Appellant/ Assessee Respondent /Revenue आयकर अपीलसं. / ITA No.665/PUN/2019 िनधा"रणवष" / Assessment Year : 2015-16 The Deputy Commissioner Niranjan Rajendra She…

Deputy Commissioner of Income-Tax, Ichalkaranji Circle, Ichalkaranji vs. Nilawati Neminath Shete, Kolhapur

Appeals are allowed in above terms

ITA 664/PUN/2019[2015-16]Status: DisposedITAT Pune29 Sept 2022AY 2015-16

Bench: Shri S.S.Godara & Shri Inturi Rama Raoआयकर अपीलसं. / Ita No.664/Pun/2019 िनधा"रणवष" / Assessment Year : 2015-16 The Deputy Commissioner Nilawati Neminath Shete, Of Income Tax, Vs Mahaveer Nagar, A/P- Hupari, Ichalkalkaranji Circle, . Tal – Hatkanangale, Ichalkaranji. Dist-Kolhapur, Maharashtra – 416203. Pan: Aczps 8442 H Appellant/ Assessee Respondent /Revenue आयकर अपीलसं. / Ita No.665/Pun/2019 िनधा"रणवष" / Assessment Year : 2015-16 The Deputy Commissioner Niranjan Rajendra Shete, Of Income Tax, Vs Mahaveer Nagar, A/P- Hupari, Ichalkalkaranji Circle, . Tal – Hatkanangale, Ichalkaranji. Dist-Kolhapur, Maharashtra – 416203. Pan: Botps 0314 D Appellant/ Assessee Respondent /Revenue आयकर अपीलसं. / Ita No.666/Pun/2019 िनधा"रणवष" / Assessment Year : 2015-16 The Deputy Commissioner Manisha Rajendra Shete, Of Income Tax, Vs Mahaveer Nagar, A/P- Hupari, Ichalkalkaranji Circle, . Tal – Hatkanangale, Ichalkaranji. Dist-Kolhapur, Maharashtra – 416203. Pan: Aczps 8514 N Appellant/ Assessee Respondent /Revenue Assessee By None Revenue By Shr Ramnath P Murkunde – Dr Date Of Hearing 08/09/2022 Date Of Pronouncement 29/09/2022

Section 10(38)Section 143(3)Section 68

…आयकर अपीलीय अिधकरण “ए” "ायपीठ पुणे म"। IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, PUNE BEFORE SHRI S.S.GODARA, JUDICIAL MEMBER AND SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER आयकर अपीलसं. / ITA No.664/PUN/2019 िनधा"रणवष" / Assessment Year : 2015-16 The Deputy Commissioner Nilawati Neminath Shete, of Income Tax, Vs Mahaveer Nagar, A/p- Hupari, Ichalkalkaranji Circle, . Tal – Hatkanangale, Ichalkaranji. Dist-Kolhapur, Maharashtra – 416203. PAN: ACZPS 8442 H Appellant/ Assessee Respondent /Revenue आयकर अपीलसं. / ITA No.665/PUN/2019 िनधा"रणवष" / Assessment Year : 2015-16 The Deputy Commissioner Niranjan Rajendra She…