SAJAN KUMAR JAIN,DELHI vs. DCIT,CENTRAL CIRCLE-25, NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Shri H.S. Sidhu & Shri B.R.R. Kumar

purchased on 16.7.2010 for Rs. 10,35,536 were sold on 20.03.2013 for Rs. 1,65,42,307 declaring LTCG of Rs. 1,55,06,771 which was claimed exempt u/s 10(38) of IT Act. A search was conducted in the case of Pradeep Kumar Jindal, who in his statement u/s 132(4) admitted that he was engaged

ANAND KUMAR JAIN,FARIDABAD vs. DCIT, CENTRAL CIRCLE-25, NEW DELHI

In the result, the appeal of the assessee is allowed