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1 result for “reassessment u/s 147”+ Long Term Capital Gainsclear

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Key Topics

Section 15410Section 1483Section 143(3)3Section 1472

DR. AROTI GHOSH,ALLAHABAD vs. ITO, WARD-1(1), ALLAHABAD

In the result, appeal of the assessee is allowed for statistical purpose

ITA 37/ALLD/2022[2008-09]Status: DisposedITAT Allahabad15 Sept 2023AY 2008-09

Bench: Shri Aby T. Varkey & Shri Ramit Kocharassessment Year: 2008-09

For Appellant: Sh. S.K. Jaiswal, C.AFor Respondent: Sh. A.K. Singh, Sr. DR
Section 143(3)Section 147Section 148Section 154

reassessment proceedings u/s 147, it was observed by AO that the assessee has not declared transactions in the shares with Kotak Securities. The date wise transactions of equity and derivative segment were called by the AO from the Kotak Securities, which revealed that the assessee has made profit of Rs. 39,67,163/- towards long term capital gain