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Section 13(1)(a)3 Section 1083 Section 13(1)(b)2 Addition to Income2

The Commissioner of Income Tax -III vs. Sri T.C. Reddy

The appeal stands dismissed

ITTA/577/2011HC Telangana28 Feb 2012

purchase of shares. Only Nil income has been shown and a loss of Rs.12,218.73 is reflected in the P& L a/c. Audit report & ITR-V of M/s. Mrigiya Electronics Industries P Ltd. is annexed with this order as Annexure-A.” 4.1. Taking into consideration the above factual position the AO held as under:- 16. The assessee has claimed expenditure

The Commissioner of Income Tax-II, vs. M/S Gulf Oil Corporation Pvt. Ltd.,

ITTA/195/2008HC Telangana23 Mar 2016

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

bogus loss, it is a speculative one. 13. It has been observed by the Assessing Officer that the sale of shares appeared to be effected without taking actual delivery. In Short, when the shares were stated to have been sold i.e. the date of selling, the assessee was not in possession of these shares. But once a person is accepted

The Commissioner of Income Tax -III vs. Sri T.C. Reddy

The Commissioner of Income Tax-II, vs. M/S Gulf Oil Corporation Pvt. Ltd.,

The Commissioner of Income Tax -III vs. Sri T.C. Reddy

The Commissioner of Income Tax-II, vs. M/S Gulf Oil Corporation Pvt. Ltd.,

Commissioner of Income Tax-II vs. M/s.Jayalakshmi Chits

The Commissioner of Income Tax - VI vs. M/s. Manikanta Iron AND Hardware

The Commissioner of Income -Tax - III, vs. Shri Taher Ali