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 346/ASR/2024[2014-15]Status: DisposedITAT Amritsar30 Oct 2025AY 2014-15
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
253(P&H) in which it was held as under:
Income-Addition-Abnormal appreciation in value of shares-Assessee having purchased shares in asst. yr. 2006-07 @ Rs. 11 per share and sold than in asst. yr. 2008-09
@ Rs. 400 per share AO was not justified in making addition on account of appreciation in value of shares treating