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2 results for “capital gains”+ Bogus Purchasesclear

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Key Topics

Section 2634Section 143(3)3Section 1313Section 1472Capital Gains2

RENU ANANDANI,JABALPUR vs. NFAC, NFAC, DELHI

In the result, the appeal is allowed for statistical purposes

ITA 120/JAB/2023[2012-13]Status: DisposedITAT Jabalpur28 Nov 2025AY 2012-13

Bench: SH. KUL BHARAT, VICE PRESIDENT AND SH. NIKHIL CHOUDHARY (Accountant Member)

For Appellant: Sh. Neeraj Agarwal, C.AFor Respondent: Sh. Alok Bhura, Sr. DR
Section 143(3)Section 147Section 263

bogus short term capital loss of Rs. 21,72,628/- whereas the whole investment was suspicious and therefore, the difference amount of Rs. 7,16,972/- (28,89,600 – 21,72,628) was to be taxed in the hands of the assessee. The ld. PCIT also observed that the assessee had short term capital gains

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

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 through Demat