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2 results for “bogus purchases”+ Section 253(5)clear

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Key Topics

Section 1473Section 1482Section 682Reopening of Assessment2Addition to Income2

SRUJITHA ANNAPAREDDY,SECUNDERABAD vs. INCOME TAX OFFICER, WARD-12(1), HYDERABAD

In the result, appeal filed by the assessee is allowed

ITA 253/HYD/2024[2016-17]Status: DisposedITAT Hyderabad22 May 2024AY 2016-17

Bench: Shri Manjunatha, G.आ.अपी.सं /Ita No.253/Hyd/2024 (िनधा"रण वष"/Assessment Year: 2016-17) Smt. Surjitha Annapareddy Vs. Income Tax Officer Secunderabad Ward 12(1) Pan:Bnwpa6703L Hydrabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri A.V. Raghuram, Advocate राज" व "ारा/Revenue By:: Shri Y Srikanth Reddy, Dr सुनवाई की तारीख/Date Of Hearing: 22/05/2024 घोषणा की तारीख/Pronouncement: 22/05/2024

For Appellant: Shri A.V. Raghuram, AdvocateFor Respondent: : Shri Y Srikanth Reddy, DR
Section 10(38)Section 143(1)Section 147Section 148Section 68

5 of 10 ITA No 253 of 2024 Surjitha Annapareddy of shares. The assessee has disclosed Long-Term Capital Gain derived from sale of shares and claimed exemption u/s 10(38) of the I.T. Act, 1961. The assessee had also reported Long-Term Capital Gain derived from sale of shares in ITR filed for the impugned A.Y in Schedule

DCIT., CIRCLE-2(1), HYDRABAD vs. KALPTARU INVESTMENTS PRIVATE LIMITED, HYDERABAD

In the result, appeal ITA

ITA 1077/HYD/2025[2013-14]Status: DisposedITAT Hyderabad11 Mar 2026AY 2013-14
For Appellant: Sri P Murali Mohan Rao, CAFor Respondent: Dr. Sachin Kumar, Sr. AR
Section 147

253 Taxman 141 [Rajasthan-HC];\niii.\nJudgment of Hon'ble Gujarat High Court in the case of\nAnkit Financial Services Ltd. vs. DCIT, Circle-1(1)(2)\n[2017] 78 taxmann.com 58 [Gujarat-HC];\niv.\nJudgment of Hon'ble Supreme Court in the case of\nSecurities and Exchange Board of India vs. Rakhi Trading\nPrivate Ltd., in Civil Appeal No.1969