MRS. SURREN CHANANA,NEW DELHI vs. ITO, NEW DELHI
In the result, the appeal of the Assessee stands allowed and
ITA 1615/DEL/2014[2009-10]Status: DisposedITAT Delhi16 Dec 2016AY 2009-10
Bench: Shri H.S. Sidhu & Shri O.P. Kanta.Y. : 2009-10 Mrs. Surren Chanana, Income Tax Officer, L-1/11, Hauz Khas Enclave, Vs. Ward 24(1), New Delhi New Delhi
For Appellant: Dr. Rakesh Gupta, Adv. & ShFor Respondent: Sh. S.K. JAIN, SR. DR
Section 143(1)Section 143(2)Section 44ASection 54Section 54E
bogus transactions,
entered into by the assessee to minimize the tax incidence on Long
Term Capital Gain earned by the assessee on sale of her residential
house in Noida. Therefore, the AO brought to tax the capital gain
earned by the assessee on sale of Noida property, after disallowing
the capital loss claimed by the assessee on sale of Hauz
