MAMTA MEHTA,MUMBAI vs. ITO , MUMBAI
In the result, appeal of assessee is allowed for statistical purpose
ITA 1442/MUM/2021[2011-12]Status: DisposedITAT Mumbai31 Jul 2023AY 2011-12
Bench: Shri Vikas Awasthy& Shri Amarjit Singh आअसं.1442 /मुं/2021 ("न.व. 2011-12) आअसं.1534 /मुं/2022 ("न.व. 2016-17) Mamta Mehta, B-3, Bldg No.3, Saibaba Enclave, Behind Citi Centre, Goregaon West Mumbai 400 062. Pan: Afxpm-6021-P ...... अपीलाथ"/Appellant बनाम Vs. Income Tax Officer, Ward 31(2)(3), Kautalya Bhavan, C-41 To C-43, G-Block, Bkc, Bandra(E) Mumbai – 400 051 ..... ""तवाद"/Respondent अपीलाथ" "वारा/ Appellant By : Shri Bhupendra Shah ""तवाद" "वारा/Respondent By : Shri Prakash Choughule सुनवाई क" "त"थ/ Date Of Hearing : 14/07/2023 घोषणा क" "त"थ/ Date Of Pronouncement : 31/07/2023 आदेश/Order Per Vikas Awasthy, Jm:
For Appellant: Shri Bhupendra ShahFor Respondent: Shri Prakash Choughule
Section 10(38)Section 44A
price rigging. No investigation was carried out by the Assessing Officer to come to the conclusion that the transaction of purchase and sale of shares by the assessee was in fact part of the dubious transaction of generating artificial long term capital gain and/or the alleged unaccounted money of the assessee was routed into the main channel. The assessment order
