Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2021 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (8) TMI 97 - AT - Income TaxUnaccounted money - Revenue recovered evidences with regard to the bogus nature of such transactions, based upon such information, the Assessing Officer reopened the cases of the assessee - HELD THAT:- As transactions are sham aimed only to bring unaccounted money in the guise of long term profit on sale of shares being accretion capital account. We find from the record that the assessees have not placed any material to dislodge the findings recorded by the Ld. CIT(A). Therefore, the appeals filed by each of the assessee vis Smt. Manjula Kothari and Shri. Kashyap Kothari is dismissed
|