SANDEEP JALAN,GUWAHATI vs. DCIT/ACIT CIR-1, GUWAHATI
Appeal is allowed
ITA 157/GTY/2025[2015-2016]Status: DisposedITAT Guwahati19 Nov 2025AY 2015-2016
Bench: The Hon’Ble Tribunal Against The Order Passed By The Cit(A), Dated 08.12.2023, Under The Income Tax Act, 1961. 1. Period Of Delay: There Is A Delay Of 494 Days In Filing The Said Appeal
Section 139(4)Section 143(2)Section 250Section 271(1)(c)Section 68Section 69Section 69C
long term capital gains (LTCG) of Rs.
24,10,000/- from sale of shares of M/s Sulabh Engineers & Services Ltd.
On the basis of the discussions made by the AO in the assessment order and assessee's own admission, it was held by the AO that the assessee had routed his unaccounted income in the guise of bogus LTCG
