AROTI GHOSH,ALLAHABAD vs. INCOME TAX OFFICER WARD-1(1), ALLAHABAD
In the result, the appeal of the assessee stands allowed for statistical purposes
ITA 23/ALLD/2025[2008-09]Status: DisposedITAT Allahabad04 Jun 2025AY 2008-09
Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria
Section 10(38)Section 143(2)Section 143(3)Section 147Section 234ASection 69
gain arising from the transfer of a long term capital assets being equity shares in a company is exempted under section 10(38) of the Income tax Act, 1961. 9. BECAUSE the NFAC has erred in law and on facts in sustaining addition of Rs.4,23,000/- made by invoking the provision of section 69 on account of net receipts
