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2011 (5) TMI 820 - ALLAHABAD HIGH COURTCapital gain - possibility of appreciation in the price of shares of lesser known companies - assessee did produce all the possible documentary evidence before the assessing officer to substantiate his claim with regard to capital gains - benefit of capital gains was denied – Held that:- assessment order was framed on presumptions and assumptions, sale transactions, the Department doubted the documents which were produced by the assessee to substantiate his claim with regard to capital gains, Tribunal on appreciation of evidence has rightly found that the transactions in question are genuine transactions, appeals dismissed
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