SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

capital expenditure. 2012:DHC:4125-DB ITAs 53/2000, 251/2007, 253/2007, 257/2007, 223/2002 247/2002, 45/2005, 50/2005, 1207/2005, 361/2008, 482/2008, 731/2008, 1191/2008, 1183/2010, 1198/2010, 842/2011 and 246/2005 Page 43 of 50 Applicability of Section 40A(2) of Income Tax Act 28. Coming to the second issue, Section 40A(2) of Income-tax Act reads as under:- “(2)(a) Where the assessee incurs

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

capital expenditure. 2012:DHC:4106-DB ITAs 53/2000, 251/2007, 253/2007, 257/2007, 223/2002 247/2002, 45/2005, 50/2005, 1207/2005, 361/2008, 482/2008, 731/2008, 1191/2008, 1183/2010, 1198/2010, 842/2011 and 246/2005 Page 43 of 50 Applicability of Section 40A(2) of Income Tax Act 28. Coming to the second issue, Section 40A(2) of Income-tax Act reads as under:- “(2)(a) Where the assessee incurs

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

capital expenditure. 2012:DHC:4107-DB ITAs 53/2000, 251/2007, 253/2007, 257/2007, 223/2002 247/2002, 45/2005, 50/2005, 1207/2005, 361/2008, 482/2008, 731/2008, 1191/2008, 1183/2010, 1198/2010, 842/2011 and 246/2005 Page 43 of 50 Applicability of Section 40A(2) of Income Tax Act 28. Coming to the second issue, Section 40A(2) of Income-tax Act reads as under:- “(2)(a) Where the assessee incurs

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

capital expenditure. 2012:DHC:4120-DB ITAs 53/2000, 251/2007, 253/2007, 257/2007, 223/2002 247/2002, 45/2005, 50/2005, 1207/2005, 361/2008, 482/2008, 731/2008, 1191/2008, 1183/2010, 1198/2010, 842/2011 and 246/2005 Page 43 of 50 Applicability of Section 40A(2) of Income Tax Act 28. Coming to the second issue, Section 40A(2) of Income-tax Act reads as under:- “(2)(a) Where the assessee incurs

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

capital expenditure. 2012:DHC:4104-DB ITAs 53/2000, 251/2007, 253/2007, 257/2007, 223/2002 247/2002, 45/2005, 50/2005, 1207/2005, 361/2008, 482/2008, 731/2008, 1191/2008, 1183/2010, 1198/2010, 842/2011 and 246/2005 Page 43 of 50 Applicability of Section 40A(2) of Income Tax Act 28. Coming to the second issue, Section 40A(2) of Income-tax Act reads as under:- “(2)(a) Where the assessee incurs

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

capital expenditure. 2012:DHC:4119-DB ITAs 53/2000, 251/2007, 253/2007, 257/2007, 223/2002 247/2002, 45/2005, 50/2005, 1207/2005, 361/2008, 482/2008, 731/2008, 1191/2008, 1183/2010, 1198/2010, 842/2011 and 246/2005 Page 43 of 50 Applicability of Section 40A(2) of Income Tax Act 28. Coming to the second issue, Section 40A(2) of Income-tax Act reads as under:- “(2)(a) Where the assessee incurs

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

capital expenditure. 2012:DHC:4121-DB ITAs 53/2000, 251/2007, 253/2007, 257/2007, 223/2002 247/2002, 45/2005, 50/2005, 1207/2005, 361/2008, 482/2008, 731/2008, 1191/2008, 1183/2010, 1198/2010, 842/2011 and 246/2005 Page 43 of 50 Applicability of Section 40A(2) of Income Tax Act 28. Coming to the second issue, Section 40A(2) of Income-tax Act reads as under:- “(2)(a) Where the assessee incurs

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

capital expenditure. 2012:DHC:4108-DB ITAs 53/2000, 251/2007, 253/2007, 257/2007, 223/2002 247/2002, 45/2005, 50/2005, 1207/2005, 361/2008, 482/2008, 731/2008, 1191/2008, 1183/2010, 1198/2010, 842/2011 and 246/2005 Page 43 of 50 Applicability of Section 40A(2) of Income Tax Act 28. Coming to the second issue, Section 40A(2) of Income-tax Act reads as under:- “(2)(a) Where the assessee incurs

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

capital expenditure. 2012:DHC:4124-DB ITAs 53/2000, 251/2007, 253/2007, 257/2007, 223/2002 247/2002, 45/2005, 50/2005, 1207/2005, 361/2008, 482/2008, 731/2008, 1191/2008, 1183/2010, 1198/2010, 842/2011 and 246/2005 Page 43 of 50 Applicability of Section 40A(2) of Income Tax Act 28. Coming to the second issue, Section 40A(2) of Income-tax Act reads as under:- “(2)(a) Where the assessee incurs

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

capital expenditure. 2012:DHC:4122-DB ITAs 53/2000, 251/2007, 253/2007, 257/2007, 223/2002 247/2002, 45/2005, 50/2005, 1207/2005, 361/2008, 482/2008, 731/2008, 1191/2008, 1183/2010, 1198/2010, 842/2011 and 246/2005 Page 43 of 50 Applicability of Section 40A(2) of Income Tax Act 28. Coming to the second issue, Section 40A(2) of Income-tax Act reads as under:- “(2)(a) Where the assessee incurs

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

capital expenditure. 2012:DHC:4126-DB ITAs 53/2000, 251/2007, 253/2007, 257/2007, 223/2002 247/2002, 45/2005, 50/2005, 1207/2005, 361/2008, 482/2008, 731/2008, 1191/2008, 1183/2010, 1198/2010, 842/2011 and 246/2005 Page 43 of 50 Applicability of Section 40A(2) of Income Tax Act 28. Coming to the second issue, Section 40A(2) of Income-tax Act reads as under:- “(2)(a) Where the assessee incurs

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

capital expenditure. 2012:DHC:4105-DB ITAs 53/2000, 251/2007, 253/2007, 257/2007, 223/2002 247/2002, 45/2005, 50/2005, 1207/2005, 361/2008, 482/2008, 731/2008, 1191/2008, 1183/2010, 1198/2010, 842/2011 and 246/2005 Page 43 of 50 Applicability of Section 40A(2) of Income Tax Act 28. Coming to the second issue, Section 40A(2) of Income-tax Act reads as under:- “(2)(a) Where the assessee incurs

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

capital expenditure. 2012:DHC:4123-DB ITAs 53/2000, 251/2007, 253/2007, 257/2007, 223/2002 247/2002, 45/2005, 50/2005, 1207/2005, 361/2008, 482/2008, 731/2008, 1191/2008, 1183/2010, 1198/2010, 842/2011 and 246/2005 Page 43 of 50 Applicability of Section 40A(2) of Income Tax Act 28. Coming to the second issue, Section 40A(2) of Income-tax Act reads as under:- “(2)(a) Where the assessee incurs

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

capital expenditure. 2012:DHC:4115-DB ITAs 53/2000, 251/2007, 253/2007, 257/2007, 223/2002 247/2002, 45/2005, 50/2005, 1207/2005, 361/2008, 482/2008, 731/2008, 1191/2008, 1183/2010, 1198/2010, 842/2011 and 246/2005 Page 43 of 50 Applicability of Section 40A(2) of Income Tax Act 28. Coming to the second issue, Section 40A(2) of Income-tax Act reads as under:- “(2)(a) Where the assessee incurs

SHANKER TRADING (P) LTD. vs. THE CIT

The appeals stand disposed of

capital expenditure. 2012:DHC:4113-DB ITAs 53/2000, 251/2007, 253/2007, 257/2007, 223/2002 247/2002, 45/2005, 50/2005, 1207/2005, 361/2008, 482/2008, 731/2008, 1191/2008, 1183/2010, 1198/2010, 842/2011 and 246/2005 Page 43 of 50 Applicability of Section 40A(2) of Income Tax Act 28. Coming to the second issue, Section 40A(2) of Income-tax Act reads as under:- “(2)(a) Where the assessee incurs

MARUTI SUZUKI INDIA LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, all the three appeals of the assessee are allowed as indicated above and the appeal of Revenue is partly allowed

Bench: Shris.Rifaur Rahman & Shri Vimal Kumar

Capital Gain/Short Term Capital Loss or any other sham transactions. " Similarly, the clarification for unlisted shares states: "It is, however, clarified that the above would not be necessarily applied in the situation where: (i) the genuineness of the transaction in unlisted shares itself is questionable; or (ii) the transfer of unlisted shares is related to an issue pertaining to lifting

DCIT, NEW DELHI vs. M/S. MARUTI SUZUKI INDIA LTD., NEW DELHI

In the result, all the three appeals of the assessee are allowed as indicated above and the appeal of Revenue is partly allowed

Bench: Shris.Rifaur Rahman & Shri Vimal Kumar

Capital Gain/Short Term Capital Loss or any other sham transactions. " Similarly, the clarification for unlisted shares states: "It is, however, clarified that the above would not be necessarily applied in the situation where: (i) the genuineness of the transaction in unlisted shares itself is questionable; or (ii) the transfer of unlisted shares is related to an issue pertaining to lifting

ASSISSTANT COMMISSIONER OF INCOME TAX, JHANDEWALAN EXTN. vs. OM PRAKASH ARORA, CONNAUGHT PLACE

In the result, appeal of the Revenue vide ITA No

Bench: Shri Anubhav Sharma & Shri Amitabh Shukla, Accountnat Member [Assessment Year: 2015-16] Assistant Commissioner Of Om Prakash Arora, Income Tax, Central Circle-01, M-3, Flat No.103, Avg Bhawan E-2, Jhandewalan Extn. Vs The Variety Books Depot. New Delhi-110055 Connaught Place, New Delhi-110001 Pan-Accpa9774F Assessee Revenue Cross Objection No.42/Del/2025 (Arising Out Of Ita No.5031/Del/2024) [Assessment Year: 2015-16] Om Prakash Arora, Assistant Commissioner Of Income M-3, Flat No.103, Avg Tax, Central Circle-01, Bhawan The Variety Books Vs E-2, Jhandewalan Extn. Depot. Connaught Place, New Delhi-110055 New Delhi-110001 Pan-Accpa9774F Assessee Revenue [Assessment Year: 2016-17] Assistant Commissioner Of Om Prakash Arora, Income Tax, Central Circle-01, M-3, Flat No.103, Avg Bhawan E-2, Jhandewalan Extn. Vs The Variety Books Depot. New Delhi-110055 Connaught Place, New Delhi-110001 Pan-Accpa9774F Assessee Revenue

capital gains. 7.3.7 If the transactions were treated as business transaction by the appellant, in that case, there was powers with the Assessing Officer to disturb the consideration received or paid. As per the provisions of section 40A(2)(b