ACIT, NEW DELHI vs. SHRI RAJIV KAPOOR, NEW DELHI
In the result, the appeal of the Revenue stands dismissed
ITA 4989/DEL/2012[2008-09]Status: DisposedITAT Delhi10 Mar 2016AY 2008-09
Bench: Shri J.S. Reddy & Shri Laliet Kumarita No. 4989/Del /2012 [Assessment Year: 2008-09] The A.C.I.T Vs. Shri Rajiv Kapooor Circle - 22(1) C/O H.L. Kapoor Investment & New Delhi Financial Consultants 5, Trimurti Building [Basement], Community Centre, New Friends Colony, New Delhi Pan : Aampk 0195 Q [Appellant] [Respondent] Department By : Shri Kartar Singh, Cit-Dr Assessee By : Shri Amit Sharma, Ca Shri Prashant Sharma, Ca Date Of Hearing : 09.03.2016 Date Of Pronouncement : 10.03.2016 Order
For Appellant: Shri Amit Sharma, CAFor Respondent: Shri Kartar Singh, CIT-DR
Section 194H
TDS. The ld. AR further contended taht the assessee’s investment activities are
not ancilliary activities and cannot be regarded as commercial activities.
5. After considering the submissions of the assessee, the ld.
CIT(A) came to the conclusion as given hereinbelow:
“{4.1} The appellant has also credibly argued that the investment in shares was invariably disclosed in the books
