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

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta

9. That the income earned by assessee is just 3% (approx.) of the total Investments of the assessee. Thus, on the basis of above facts it is stated that assessee was engaged in genuine share trading transactions, all the transactions were carried through recognized stock exchange and STT was duly paid, no cash transaction was involved, and assessee has regularly