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2 results for “capital gains”+ Penny Stockclear

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Key Topics

Section 2633Section 1313Section 682Section 1482Section 143(3)2Penny Stock2

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

INCOME TAX OFFICER, WARD-1, KATNI, KATNI vs. ADITYA AGRAWAL, KATNI

In the result, the appeal of the Revenue is dismissed

ITA 200/JAB/2024[2016]Status: DisposedITAT Jabalpur30 Sept 2025

Bench: Shri Kul Bharatassessment Year: 2016-17 Income Tax Officer, Ward-1 V. Aditya Agrawal Near New Collectorate, Jhinjhiri- C/O. Shri Ram Food 483501. Product, Industrial Area Bargawan-483501. Pan:Amepa0405H (Appellant) (Respondent) Appellant By: Shri Rahul Badia, Ca Respondent By: Shri N. M. Prasad, Sr. Dr-1 Date Of Hearing: 18 09 2025 Date Of Pronouncement: 30 09 2025 O R D E R

For Appellant: Shri Rahul Badia, CAFor Respondent: Shri N. M. Prasad, Sr. DR-1
Section 10(38)Section 143(2)Section 148Section 68

capital gain of Rs.1,24,465/-. Thereafter, the Assessing Officer considering the information from the Investigation Wing, Ahmedabad, came to the conclusion that the transaction pertaining to the purchase and shares of M/s. Safai Herbs Ltd as undertaken by the assessee was not a genuine transaction. Therefore, he held it as a penny stock