9911796707
Case Laws
Acts
Notifications
Circulars
Classification
Forms
Manuals
Articles
News
D. Forum
Highlights
Notes
🚨 Important Update for Our Users
We are transitioning to our new and improved portal - www.taxtmi.com - for a better experience.
Follow us:
|
Home
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2025 (5) TMI 536 - SCH - Income TaxAddition of sale proceeds from share transactions u/s 68 - transactions in penny stocks - as decided by HC 2024 (3) TMI 1444 - GUJARAT HIGH COURT admittedly the assessee has furnished complete evidence including contract note of shares demat details details of bonus shares and those evidences have not been doubted by the authorities.The entire transaction was done by the assessee through the platform of BSE by paying necessary security transaction tax and the transaction was undertaken by the share brokers no such allegation was made against the said broker for indulging in any price manipulation. HELD THAT - There is a gross delay of 282 days in filing the Special Leave Petition which has not been satisfactorily explained by the petitioner. Special Leave Petition is accordingly dismissed on the ground of delay. Pending applications if any shall also stand disposed of.
The Supreme Court, in an order delivered by Justices J. B. Pardiwala and R. Mahadevan, dismissed the Special Leave Petition due to a "gross delay of 282 days" in filing, which was "not satisfactorily explained by the petitioner." Consequently, the petition was dismissed "on the ground of delay," and all pending applications were also disposed of.
|
