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

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