RAMESH JAISINGHANI,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE -5(2), MUMBAI
In the result, appeal of the assessee is allowed
ITA 980/MUM/2025[2020-21]Status: DisposedITAT Mumbai10 Oct 2025AY 2020-21
Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)
Section 143(3)Section 244ASection 50(2)(ec)Section 55(2)(aa)Section 55(2)(ac)Section 55(2)(as)Section 56(2)(ac)
outset without entering section 45 read with section 48 of the Act because of being taxable securities transaction under section 97(13) of Finance
(No.2) Act, 2004 on which STT is paid
Note 2
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Ramesh Jaisinghani
This category did not exist during the period and came into being ... year 2012 through SEBI Circular dated 1
February 2012. As such, no question of it being a taxable securities transaction under section 97(13) of the Finance (No.
2) Act, 2004. Note 2.1. Exempt under section 10(38) of the Act at the outset without entering section 45 read with
