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2,042 results for “bogus purchases”+ Long Term Capital Gainsclear

Sorted by relevance

Mumbai785Delhi256Jaipur160Ahmedabad140Kolkata115Bangalore69Chennai58Indore57Cochin57Chandigarh49Hyderabad43Pune38Raipur30Lucknow28Guwahati27Surat22Rajkot19Nagpur19Ranchi18Cuttack12Jodhpur10Patna8Visakhapatnam7Amritsar7Varanasi5Agra2Jabalpur1

Key Topics

Section 6892Section 10(38)69Section 14866Addition to Income65Section 14764Section 143(3)54Long Term Capital Gains42Section 26334Section 25032Penny Stock

VANEET AGGARWAL,NEW DELHI vs. ACIT, CIRCLE-14(2), NEW DELHI

In the result, appeal filed by the assessee is allowed

ITA 2607/DEL/2019[2015-16]Status: DisposedITAT Delhi13 Mar 2026AY 2015-16
Section 10(38)Section 143(1)Section 143(2)Section 69ASection 69C

long term capital gains arising out of sale of different\nshares as fair and transparent by submitting records of purchase bills, sale\nbills, demat statement etc., same not being earned from bogus

POONAM GUPTA ,BENGALURU vs. DCIT, CIRCLE-5(1)(1), BANGALORE

In the result appeal filed by the assessee is allowed

Showing 1–20 of 2,042 · Page 1 of 103

...
31
Section 153A27
Capital Gains25
ITA 793/BANG/2025[2017-18]Status: Disposed
ITAT Bangalore
17 Feb 2026
AY 2017-18

Bench: Shri Prashant Maharishi & Shri Soundararajan K.Assessment Year: 2017-18

For Appellant: Shri Manish Tiwari, CAFor Respondent: Shri Subramanian, Jt.CIT (DR)(ITAT), Bengaluru
Section 10Section 147Section 68

purchase and receipt of sale proceeds through banking channel, capital account and computation of capital gain. It was further stated that assessee has neither claimed any benefit of long-term capital gain but has offered the above sum of ₹ 8,792,715 as short-term capital gain. 9. Challenging the reopening of assessment he submitted that the reason stated

RANJANBEN CHUNILAL GADA,MUMBAI vs. TIO 34(3)(2), MUMBAI

In the result, the appeal of the assessee is allowed

ITA 5842/MUM/2025[2014-15]Status: DisposedITAT Mumbai27 Jan 2026AY 2014-15
For Appellant: Shri B.V. Jhaveri,ARFor Respondent: Shri Umashankar Prasad, (CIT DR)
Section 147Section 148ASection 246ASection 250Section 69ASection 69C

long-term capital gain\nexemption under section 10(38) - Assessing Officer treated purchase as bogus\nand added it to total

ALPESH K. AJMERA HUF ,MUMBAI vs. INCOME TAX OFFICER WARD 18(1)(1), MUMBAI

In the result, the appeal filed by the assessee stands\nallowed

ITA 4041/MUM/2025[2011-12]Status: DisposedITAT Mumbai18 Dec 2025AY 2011-12
Section 132Section 68Section 69

Capital gains Income\narising from transfer of long-term securities\n(Bogus transactions) Assessment year 2006-\n07 Assesse purchased 3000 shares

DCIT - 19(1), MUMBAI, PIRAMAL CHAMBERS, MUMBAI vs. DISHANT DEEPAK SHAH, MUMBAI

In the result, appeal of the revenue is dismissed

ITA 4281/MUM/2025[2016-17]Status: DisposedITAT Mumbai05 Dec 2025AY 2016-17

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan () Assessment Year: 2016-17

For Appellant: Shri Satyaprakash Singh
Section 10(38)Section 68Section 69C

Long Term Capital Gains, Short Term Capital Gains and losses on share transactions in listed penny stocks. losses on share transactions in listed penny stocks. losses on share transactions in listed penny stocks. Statements of many entry providers and beneficiaries Statements of many entry providers and beneficiaries Statements of many entry providers and beneficiaries were recorded under section

DINESHKUMAR RAMCHANDRA TULSYAN (HUF),,NASHIK vs. INCOME-TAX OFFICER, WARD - 1(5),, NASHIK

In the result, both the appeals filed by the assessee are partly allowed

ITA 813/PUN/2018[2014-15]Status: DisposedITAT Pune28 Nov 2025AY 2014-15

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2014-15 Dineshkumar Ramchandra Tulsyan (Huf) Ito, Ward 1(5), 214B, Laxmi Niwas, Mahatma Nagar, Vs. Nashik Nashik – 422007 Pan: Aachd5953R (Appellant) (Respondent) Assessment Year : 2014-15 Smt. Sumandevi Dineshkumar Tulsyan Ito, Ward 1(5), 214B, Laxmi Niwas, Mahatma Nagar, Vs. Nashik Nashik – 422007 Pan: Ackpt1322Q (Appellant) (Respondent)

For Appellant: Shri Pramod S ShingteFor Respondent: Shri Rajesh Haladkar (through virtual)
Section 10(38)Section 133ASection 142(1)Section 143(2)Section 144A

purchased bogus long term capital gain through the sale of scrip of M/s Mishka and disclosed an amount of Rs.1

SMT. SUMANDEVI DINESHKUMAR TULSYAN,,NASHIK vs. INCOME-TAX OFFICER, WARD - 1(5),, NASHIK

ITA 814/PUN/2018[2014-15]Status: DisposedITAT Pune28 Nov 2025AY 2014-15
Section 10(38)Section 133ASection 142(1)Section 143(2)Section 144A

purchased bogus long term capital gain through the sale of scrip of\nM/s Mishka and disclosed an amount of Rs.1

JAINMATI JAIN,YOJANA VIHAR vs. ITO WARD 56(2) NEW DELHI, NEW DELHI

In the result, the Appeal filed by the Assessee is allowed

ITA 4649/DEL/2024[2015-16]Status: DisposedITAT Delhi26 Nov 2025AY 2015-16

Bench: Shri Yogesh Kumar U.S. & Shri Naveen Chandrajainmati Jain Vs Ito C-513, Yojanavihar, Ward 56(2) New Delhi New Delhi Pan: Agkpj4857G Appellant Respondent Assessee By Ms. Tanya, Adv Revenue By Sh. Om Praksh, Sr. Dr Date Of Hearing 24/11/2025 Date Of Pronouncement 26/11/2025 Order

Section 68

purchased the shares of Alps Motors Finance Limited were run by him and have been used to provide accommodation entry for bogus LTCG. Entirely based or this statement, the assessee’s Long term capital gain

VIJAYA PRAKASH NAGORI ,MUMBAI vs. ITO WARD 32(2)(1), MUMBAI

ITA 3392/MUM/2025[2014-15]Status: DisposedITAT Mumbai26 Nov 2025AY 2014-15

Bench: Hon’Ble Shri Sandeep Gosain& Shri Om Prakash Kantvijaya Prakash Nagori Vs. Ito, Ward, 32(2)(1) 409/C, Abhar Jp Road, Kautilya Bhawan, C-41- Seven Bungalows, Andhere 43, Avenue, 3, Near (W), Mumbai – 400 061. Videsh Bhavan, G Block Bkc Pan/Gir No. Aekpr2943H (Applicant) (Respondent)

Section 10(38)Section 147Section 263oSection 68

long-term capital gain exemption under section 10(38) - Assessing Officer treated purchase as bogus and added it to total

SUDHIR BABU CHALASANI,HYDERABAD vs. INCOME TAX OFFICER, WARD-17(1), HYDERABAD

In the result, the appeal filed by the assessee in ITA

ITA 1348/HYD/2025[2013-14]Status: DisposedITAT Hyderabad19 Nov 2025AY 2013-14

Bench: SHRI G. MANJUNATHA, HON’BLE (Accountant Member), SHRI RAVISH SOOD, HON’BLE (Judicial Member)

Section 10(38)Section 69A

purchase and sale of shares of Stampede Capital Ltd are genuine transactions carried out by an scrip Stampede Capital Ltd, as alleged by the A.O. The A.O. alleged that, the scrip Stampede Capital Ltd has been used by the entry providers for conversion of unaccounted income of various individuals in the form of bogus Long Term Capital Gains

SUDHIR BABU CHALASANI,HYDERABAD vs. INCOME TAX OFFICER, WARD-17(1), HYDERABAD

In the result, the appeal filed by the assessee in ITA

ITA 1351/HYD/2025[2016-17]Status: DisposedITAT Hyderabad19 Nov 2025AY 2016-17

Bench: SHRI G. MANJUNATHA, HON’BLE (Accountant Member), SHRI RAVISH SOOD, HON’BLE (Judicial Member)

Section 10(38)Section 69A

purchase and sale of shares of Stampede Capital Ltd are genuine transactions carried out by an scrip Stampede Capital Ltd, as alleged by the A.O. The A.O. alleged that, the scrip Stampede Capital Ltd has been used by the entry providers for conversion of unaccounted income of various individuals in the form of bogus Long Term Capital Gains

SUDHIR BABU CHALASANI,HYDERABAD vs. INCOME TAX OFFICER, WARD-17(1), HYDERABAD

In the result, the appeal filed by the assessee in ITA

ITA 1349/HYD/2025[2014-15]Status: DisposedITAT Hyderabad19 Nov 2025AY 2014-15

Bench: SHRI G. MANJUNATHA, HON’BLE (Accountant Member), SHRI RAVISH SOOD, HON’BLE (Judicial Member)

Section 10(38)Section 69A

purchase and sale of shares of Stampede Capital Ltd are genuine transactions carried out by an scrip Stampede Capital Ltd, as alleged by the A.O. The A.O. alleged that, the scrip Stampede Capital Ltd has been used by the entry providers for conversion of unaccounted income of various individuals in the form of bogus Long Term Capital Gains

SUDHIR BABU CHALASANI,HYDERABAD vs. INCOME TAX OFFICER, WARD-17(1), HYDERABAD

In the result, the appeal filed by the assessee in ITA

ITA 1352/HYD/2025[2017-18]Status: DisposedITAT Hyderabad19 Nov 2025AY 2017-18

Bench: SHRI G. MANJUNATHA, HON’BLE (Accountant Member), SHRI RAVISH SOOD, HON’BLE (Judicial Member)

Section 10(38)Section 69A

purchase and sale of shares of Stampede Capital Ltd are genuine transactions carried out by an scrip Stampede Capital Ltd, as alleged by the A.O. The A.O. alleged that, the scrip Stampede Capital Ltd has been used by the entry providers for conversion of unaccounted income of various individuals in the form of bogus Long Term Capital Gains

ARUN KUMAR GUPTA, DCIT, CIRCLE-1(3), SURAT, ADAJAN vs. CHUNIBHAI HARIBHAI GAJERA, ADARSH NAGAR SOCIETY

In the result, the appeal of the revenue is dismissed

ITA 778/SRT/2023[2013-14]Status: DisposedITAT Surat17 Nov 2025AY 2013-14

Bench: Shri Dinesh Mohan Sinha & Shri Bijayananda Prusethआयकर अपील सं./Ita Nos.778 & 779/Srt/2023 Assessment Years: (2013-14 & 2014-15) (Physical Hearing) Dcit, Vs. Chunibhai Haribhai Gajera, Circle - 1(3), 67, Adarsh Nagar Society, Athwalines, Surat Surat - 395 001 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aawpg3525A (अपीलाथ"/Appellant) (""थ" /Respondent) Appellant By Shri Mukesh Jain, Cit-Dr Respondent By Shri Rasesh Shah, Ca Date Of Hearing 03/09/2025 Date Of Pronouncement 17/11/2025

Section 143(3)Section 250

bogus Long Term Capital Gain ignoring the fact that merely submission of documentary evidences of the sale and purchase of shares

ARUN KUMAR GUPTA, DCIT, CIRCLE-1(3), SURAT, ADAJAN vs. CHUNIBHAI HARIBHAI GAJERA, ADARSH NAGAR SOCIETY

In the result, the appeal of the revenue is dismissed

ITA 779/SRT/2023[2014-15]Status: DisposedITAT Surat17 Nov 2025AY 2014-15

Bench: Shri Dinesh Mohan Sinha & Shri Bijayananda Prusethआयकर अपील सं./Ita Nos.778 & 779/Srt/2023 Assessment Years: (2013-14 & 2014-15) (Physical Hearing) Dcit, Vs. Chunibhai Haribhai Gajera, Circle - 1(3), 67, Adarsh Nagar Society, Athwalines, Surat Surat - 395 001 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aawpg3525A (अपीलाथ"/Appellant) (""थ" /Respondent) Appellant By Shri Mukesh Jain, Cit-Dr Respondent By Shri Rasesh Shah, Ca Date Of Hearing 03/09/2025 Date Of Pronouncement 17/11/2025

Section 143(3)Section 250

bogus Long Term Capital Gain ignoring the fact that merely submission of documentary evidences of the sale and purchase of shares

LEKHRAJ JASRAJ JAIN ,MUMBAI vs. DCIT 19(1), MUMBAI

In the result, the appeal filed by the assessee is allowed

ITA 4937/MUM/2025[2014-15]Status: DisposedITAT Mumbai12 Nov 2025AY 2014-15

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan () Assessment Year: 2014-15

For Respondent: Mr. Suchek Anchaliay &
Section 147Section 68Section 69C

bogus LTCG income and thereby converted undisclosed income into tax free income income and thereby converted undisclosed income into tax free income income and thereby converted undisclosed income into tax free income Lekhraj J. Jain 6 without paying tax without paying taxes. Information was received that the SEBI has es. Information was received that the SEBI has suspended trading

SMT. SATYAWATI MARWAHA THROUGH LEGAL HEIR SH. CHANDER SHEIKHAR MARWAHA,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, JALANDHAR

In the result, the appeal for Asstt

ITA 346/ASR/2024[2014-15]Status: DisposedITAT Amritsar30 Oct 2025AY 2014-15

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta

For Appellant: Sh. Ashray Sarna, C. A
Section 10(38)Section 132Section 144Section 144rSection 147Section 148Section 151Section 250(6)Section 68

Long-term capital gains. The Assessing Officer has discussed in detail the operator of penny stock, the functioning of exit providers and the nature of penny stock companies. The AO has held that initially when the prices of the share are low, the beneficiaries of bogus -LTCG purchase

SMT. SATYAWATI MARWAHA THROUGH LEGAL HEIR SH, CHANDER SHEIKHAR MARWAHA,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, JALANDHAR

In the result, the appeal for Asstt

ITA 347/ASR/2024[2015-16]Status: DisposedITAT Amritsar30 Oct 2025AY 2015-16

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta

For Appellant: Sh. Ashray Sarna, C. A
Section 10(38)Section 132Section 144Section 144rSection 147Section 148Section 151Section 250(6)Section 68

Long-term capital gains. The Assessing Officer has discussed in detail the operator of penny stock, the functioning of exit providers and the nature of penny stock companies. The AO has held that initially when the prices of the share are low, the beneficiaries of bogus -LTCG purchase

ASSISTANT COMMISSIONER OF INCOME TAX, JALGAON vs. SIDHARTH RATANLAL BAFNA, JALGAON

ITA 1555/PUN/2024[2013-14]Status: DisposedITAT Pune27 Oct 2025AY 2013-14
Section 132Section 143(3)Section 147Section 148Section 153A

purchased shares of penny stock company. Part of this was sold during the FY 2014-15 as\ndetailed above. The detailed investigation carried out by the AO resulted into proving the fact that the assessee in\nfact claimed bogus long term capital gains

DEPUTY COMMISSIONER OF INCOME TAX, JALGAON vs. TARADEVI RATANLAL BAFNA, JALGAON

ITA 497/PUN/2025[2013-14]Status: DisposedITAT Pune27 Oct 2025AY 2013-14
Section 132Section 143(3)Section 147Section 148Section 153A

Gains | Loss\nLong Term\n| 111926 | 5372447 | 82196621 | 76824174 |\n| 5372447 | 82196621 | 76824174 |\n\n6. The assessee purchased shares of penny stock company. Part of this was sold during the FY 2014-15 as\ndetailed above. The detailed investigation carried out by the AO resulted into proving the fact that the assessee in\nfact claimed bogus long term capital