Sagar Jhaveri v. Dy. CIT (2024)116 ITR 28 (SN)(Ahd)(Trib) Viki Rajesbhai Jhaveri v. Dy. CIT (2024)116 ITR 28 (SN)(Ahd)(Trib) Aarav Financial Services P. Ltd v. Dy. CIT (2024)116 ITR 28 (SN)(Ahd)(Trib)

S. 68 : Cash credits-Long-term capital gains-Loss on sale of shares-Information from investigation wing-Not involved in price manipulation-Denial of exemption is not justified-Reassessment is affirmed.[S. 147, 148]

The Tribunal held that neither the Assessing Officer nor the Commissioner (Appeals) had given any independent finding regarding involvement of assessee is in price manipulation. Addition is deleted, however the reassessment is affirmed. (AY.2011-12, 2012-13)

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