RADIALS INTERNATIONAL vs. ASSTT. COMMISSIONER OF INCOME TAX

Bench: The Court Is: “Whether, The Shares Invested Through A Portfolio Management 2014:Dhc:2173-Db

capital gains. The assessee also attempted to produce evidence to show that the intention had not been to earn trading profit: first, the investment was undertaken by the assessee with its own surplus funds, and not borrowed funds, and second, that the holding period for a majority of the transactions was substantial. Moreover, the assessee sought to show that

AMBIENCE DEVELOPERS AND INFRASTRUCTURE PRIVATE LIMITED,DELHI vs. PCIT (CENTRAL), DELHI-2 JHANDEWALAN, NEW DELHI, DELHI

capital gains of Respondent\nbut the fact is AO had raised queries and Respondent has\ngiven detailed reply means the AO has passed this order\nafter making necessary inquiries. We agree with the view of\nthe ITAT that the order of the AO cannot be branded as\nerroneous merely because the order does not contain the\ndetails which Principal Commissioner

AMBIENCE DEVELOPERS AND INFRASTRUCTURE PRIVATE LIMITED,DELHI vs. PCIT (CENTRAL) DELHI-2, JHANDEWALAN NEW DELHI, DELHI

capital gains of Respondent\nbut the fact is AO had raised queries and Respondent has\ngiven detailed reply means the AO has passed this order\nafter making necessary inquiries. We agree with the view of\nthe ITAT that the order of the AO cannot be branded as\nerroneous merely because the order does not contain the\ndetails which Principal Commissioner