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1 result for “bogus purchases”+ Long Term Capital Gainsclear

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Key Topics

Section 2633Section 1313Section 143(3)2

SMT.TEJAL JUGAL KISHORE,SATNA vs. PRINCPAL COMMISSIONER OF INCOME TAX-2, JABALPUR

In the result, the appeal of the assesse is allowed

ITA 16/JAB/2019[2014-15]Status: HeardITAT Jabalpur01 Dec 2023AY 2014-15

Bench: Dr. B. R. R. Kumarsh. Yogesh Kumar Us

For Appellant: Sh. K.P Dewani, AdvFor Respondent: Sh. Sharvan Kumar Gotru, CIT-DR
Section 131Section 133(6)Section 143(3)Section 263

long term capital gains and to re -frame the Assessment Order. 6. The reasons given by the ld. Pr.CIT are as under:-  The assessee purchased Rs. 33,500/- equity shares of M/s. Comfort Fincap Ltd. @ Rs. 18 per share on 28.06.2011.  These shares were sold in January 2014 @Rs. 308 per share  These shares were not purchases by the assessee