TARUN KUMAR KUNDANMALJI JAIN,CHENNAI vs. PCIT-8, CHENNAI

In the result, the appeals of the Assessees in I

Bench: Shri G. Manjunatha & Shri Anikesh Banerjeeआयकर अपील सं./I.T.A No.:307/Chny/2021 िनधा"रण वष"/Assessment Year: 2013 - 2014

Revision proceedings u/s 263 of the Income tax Act 1961 in A.Y.2013-14 dated 11.03.2021 was issued and the assessee was given an opportunity of being heard on 19.03.2021 at 12.10 PM. The assessee submitted his response electronically, stating as under: a) Off Market purchase of shares is not illegal. The said proposition is affirmed by the Hon ‘ble Mumbai High