Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2011 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (12) TMI 411 - HC - Income TaxAvoidance of tax by certain transactions in securities - The assessee had claimed before the Assessing Officer that for certain transactions done by the assessee, as reproduced in paragraph 5 of the order of the ITAT, the provisions of Section 94(7) of the Income Tax Act (for short "the Act") can not be attracted since the conditions contained in clauses (a) (b) & (c) of Section 94(7) of the Act are not cumulatively satisfied - Delhi High Court in the matter of CIT v. Shambhu Mercantile Ltd. [2009 -TMI - 202297 - Delhi High Court] wherein it was held that the three conditions of Section 94(7) of the Act are to be cumulatively satisfied - Appeal is dismissed
|