Commissioner of Income Tax, vs. Agricultural Market Committee
ITTA/413/2011HC Telangana17 Nov 2011
Bench: V.V.S.RAO,SANJAY KUMAR
For Appellant: - Suresh Kumar SheetlaniFor Respondent: - Income Tax Officer-1 (3)
Section 133Section 133(6)Section 142(1)Section 143(3)Section 147Section 148Section 260Section 282
purchase and sale of
shares of certain companies and gifts from certain
persons, which in fact never took place. The assessee
was alleged to be one of the beneficiaries, figuring in
3
the list supplied by the Investigation Wing, Agra.
Since the transactions of share trading were found to
be bogus and, therefore, entire amount claimed to have
been received
