LATE SHRI SOM PRAKASH SETHI ( THROUGH LEGAL HEIR MR. AMAN SETHI),NEW DELHI vs. ACIT CRICLE-28(1), NEW DELHI
In the result, the appeal of the assessee is partly allowed
ITA 3670/DEL/2023[2016-17]Status: DisposedITAT Delhi22 Aug 2025AY 2016-17
Bench: Shri Yogesh Kumar U.S & Shri Manish Agarwal[Assessment Year : 2016-17] Late Shri Som Prakash Sethi Vs Acit, (Through Legal Heir Mr. Aman Circle-28(1), Sethi), S-541, Greater Kailash New Delhi. Part-Ii, South Delhi, New Delhi-110048. Pan-Abyps3902L Appellant Respondent Appellant By Shri Akash Ojha, Adv. & Shri Mayank Patawri, Adv. Respondent By Shri Manish Gupta, Sr.Dr Date Of Hearing 26.05.2025 Date Of Pronouncement 22.08.2025 Order
Section 133(6)Section 143(3)Section 250Section 40Section 68
purchase and sale transactions are carried out through banking channel and by transfer of shares. The prima facie bonafides of existence of transaction executed cannot thus be doubted. It is not the case of the revenue that the capital gain arising to Assessee in not in the nature of LTCG. The case of revenue is that such transactions
