D.C.I.T., CIRCLE- 1, DIBRUGARH vs. BHAGWATI DEVII BAMALWA , DIBRUGARH
In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed
ITA 59/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13
Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar
vi)
That he was not aware of any organized racket of any operators involved in the generation of bogus LTCG as alleged by the A.O.
CO Nos. 6 to 21/GAU/2023
(in ITA Nos. 51 to 66/GAU/2023)
(vii) That the price escalation in shares was due to the order of the Hon’ble
Calcutta High Court for amalgamation, which was passed
