{"id":38520,"date":"2024-01-29T15:52:05","date_gmt":"2024-01-29T10:22:05","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-renu-aggarwal-smt-2023-153-taxmann-com-578-allhc-editorial-slp-of-revenue-is-dismissed-pcit-v-renu-aggarwal-smt-2023-456-itr-249-294-taxman-521-sc\/"},"modified":"2024-01-29T15:52:05","modified_gmt":"2024-01-29T10:22:05","slug":"pcit-v-renu-aggarwal-smt-2023-153-taxmann-com-578-allhc-editorial-slp-of-revenue-is-dismissed-pcit-v-renu-aggarwal-smt-2023-456-itr-249-294-taxman-521-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-renu-aggarwal-smt-2023-153-taxmann-com-578-allhc-editorial-slp-of-revenue-is-dismissed-pcit-v-renu-aggarwal-smt-2023-456-itr-249-294-taxman-521-sc\/","title":{"rendered":"PCIT v. Renu Aggarwal (Smt) (2023) 153 taxmann.com 578 (All)(HC) Editorial : SLP of Revenue is dismissed, PCIT v. Renu Aggarwal (Smt) (2023) 456 ITR 249 \/294 Taxman 521 (SC)"},"content":{"rendered":"<p>The\u00a0 Assessing Officer disallowed exemption claimed by assessee under section 10(38) and made additions, alleging involvement in penny stock which were being misused for providing bogus accomodation of LTCG. The Tribunal deleted the addition. On appeal High Court affirmed the order of the Triunal on the ground that\u00a0 there was lack of adverse comments from stock exchange and officials of company involved in these transactions and no material relating to assessee was found in investigation wing report.\u00a0\u00a0 Tribunal also relied on\u00a0 various judgements of lucknow Benches\u00a0 wherein the Tribunal relied on Judgemnt of Delhi High Court in Krishan Devi.(ITA No. 205 of 2020 dt. 6-7-2022 (Luccknow Bench) (Trib) (SMC)\u00a0\u00a0 (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68 : Cash credits-Long term capital gains-Penny stock-No adverse comment by stock exchange-Order of Tribunal is affirmed.  [S. 10(38) 45, 260A]  <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-38520","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-a1i","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=38520"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38520\/revisions"}],"predecessor-version":[{"id":38521,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38520\/revisions\/38521"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}