PUNITA KALPESH PATEL,AHMEDABAD vs. THE ACIT, CIRCLE-5(2)(1), AHMEDABAD
In the result, the appeal filed by the assessee is dismissed
ITA 2054/AHD/2025[2018-19]Status: DisposedITAT Ahmedabad13 Mar 2026AY 2018-19
Bench: Shri T.R. Senthil Kumar (Judicial Member), Shri Narendra Prasad Sinha (Accountant Member)
Section 10(34)Section 10(35)Section 115BSection 143(3)Section 144BSection 54FSection 94(7)
section 94(7) applies only to the exempt portion (Rs. 10 lakh for shares), as
I.T.A No. 2054/Ahd/2025 A.Y. 2018-19
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Punita Kalpesh Patel Vs. ACIT the taxed portion under 115BBDA does not confer a "double benefit warranting disallowance. This interpretation is misconceived.
The "double benefit" in dividend stripping arises not solely from exemption but from receiving dividend income
