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2011 (3) TMI 605 - PUNJAB AND HARYANA HIGH COURTBogus purchase and sale - Deleting the addition - Sale of jewellery - The revenue submits that the matter is covered by judgment of the Court, CIT v. Sh. Tejinder Singh HUF (2011 -TMI - 203492 - PUNJAB AND HARYANA HIGH COURT) in favour of the revenue - Therein it was held that the case of the assessee was required to be individually gone into to ascertain genuineness of the claim for capital loss - The finding in the case of M/s Bemco/Manoj Aggarwal Jewellers (Bemco) and M/s Bishan Chand Mukesh Kumar (BCMK) could not have been mechanically relied upon - Accordingly, the matter was remanded to the Tribunal for fresh decision.
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