SMT. SATYAWATI MARWAHA THROUGH LEGAL HEIR SH, CHANDER SHEIKHAR MARWAHA,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, JALANDHAR
In the result, the appeal for Asstt
ITA 347/ASR/2024[2015-16]Status: DisposedITAT Amritsar30 Oct 2025AY 2015-16
Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta
For Appellant: Sh. Ashray Sarna, C. A
Section 10(38)Section 132Section 144Section 144rSection 147Section 148Section 151Section 250(6)Section 68
Short-Term
Capital Loss are sold at low price. In the case of the assessee, it is further revealed from the assessment order that:
a.
The prices of the shares of M/s. Dhanleela Investment & Trading Co. Ltd. increased unrealistically without any corresponding movement in the normal share market.
b.
The shares were purchased by the assessee at very low price
