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2014 (4) TMI 115 - ITAT JODHPURTrading Income as LTCG u/s 10(33) – Claim on trading income as Long Term Capital Gains [LTCG] earned on share transaction – Held that:- shares purchased by assessee were listed/quoted shares in recognized stock exchange - Rate of purchase are verifiable from rates quoted at stock exchange - Shares were held and possessed by her for more than 12 months - Entire transactions of purchase and sales of shares are duly recorded and found supported by broker’s contract notes, bills for purchase and sales of shares issued by approved stock brokers - From evidence available on record, it is proved that assessee’s transactions of purchase and sale of shares are genuine - Department failed to disprove claim of assessee - Do not find any fallacy or infirmity in finding of CIT(A) and uphold same – Decided against Revenue.
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