The appeal stands partly allowed
Bench: Hon’Ble Shri Sandeep Gosain, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) आयकरअपील सं./ I.T.A. No.213/Jodh/2019 ("नधा"रणवष" / Assessment Year: 2014-15) Smt. Chanchal Kumari Jain Income Tax Officer बनाम/ 143-A/A, Shastri Nagar Ward-3, Bhilwara Vs. Bhilwara, Rajasthan-311 001. Rajasthan-311 001. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Adnpj-8347-F (अपीलाथ"/Appellant) (""यथ" / Respondent) :
147 on 30/10/2017. The reassessment proceedings were triggered pursuant to receipt of certain information that the assessee procured bogus short-term capital gain (STCG). Accordingly, notice u/s 148 was issued on 26/09/2016. 3.2 The assessee reflected STCG of Rs.1.90 Lacs which arose from sale of 25000 shares of an entity namely M/s Anukaran Commercial Enterprises Ltd. (ACEL). The same were