Search: section 68

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Section 10(38)4 Section 143(3)2 Long Term Capital Gains2 Penny Stock2 Exemption2 Disallowance2 Addition to Income2 Natural Justice2

SANJEEV AGRAWAL,NEW DELHI vs. ACIT, CC-15, NEW DELHI

In the result, both the appeals of the assessee areallowed

ITA 1518/DEL/2021[2016-17]Status: DisposedITAT Delhi20 Sept 2023AY 2016-17

Bench: Shri Saktijit Dey, Vice-& Shri Girish Agrawal

For Appellant: Shri Gautam Jain & Ms. Monika Aggarwal, AdvsFor Respondent: Shri Ramdhan Meena, Sr. DR

Section 10(38)Section 143(3)

section 112A, inserted by Finance Act, 2018, w.e.f. 01.04.2019. 6.6. He further elucidated that assessee is a habitual investor having portfolio of investment in shares and has earned capital gain both in preceding and succeeding years. Ld. Counsel referred to the details of investment and capital gain in preceding and succeeding years which is extracted below

SANJEEV AGRAWAL,NEW DELHI vs. ACIT, CC-15, NEW DELHI

In the result, both the appeals of the assessee areallowed