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2 results for “bogus purchases”+ Long Term Capital Gainsclear

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Key Topics

Section 1484Section 1472Section 10(38)2Addition to Income2

SURESH CHANDRA SADH,NEW DELHI vs. CIRCLE 4(1)(1),, ALIGARH

In the result, the appeal of the assessee is partly allowed

ITA 178/AGR/2024[2016-17]Status: DisposedITAT Agra30 Jun 2025AY 2016-17

Bench: Shri Sunil Kumar Singh & Shri Brajesh Kumar Singh[Assessment Year: 2016-17]

Section 10(38)Section 131Section 147Section 148Section 234BSection 68

bogus long term capital gain in respect of sale of share of M/s Yamini Investments Company Ltd. (hereinafter referred to ‘YICL’) listed in Bombay Stock exchange. On the basis of said information, the Assessing Officer issued noticed u/s 148 of the Act on 30.03.2021 In respect of the said notice, the assessee filed his return of income on 22.04.2011 declaring

TEJ SINGH,MATHURA vs. ITO 1(3)(4), MATHURA

In the result, the Appeal of the assessee is partly allowed

ITA 8/AGR/2019[2009-10]Status: DisposedITAT Agra26 Sept 2023AY 2009-10
Section 142(1)Section 147Section 148

purchased shares and subsequently sold these shares at a much higher value. For the assessment year 1997- 98, the assessees disclosed long-term capital gains arising from the transaction. On the basis of the information received by the Deputy Director (Investigation), the Assessing Officer issued notice under section 148. The files were then put up before the Commissioner