Browse Tax Judgements
Showing 1–12 of 12 judgements · Browse by section & bench
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Late Smt. Shashi Mittal vs Assessing Officer, Ward-2(3)
The assessee had reportedly sold shares of CCL International Ltd. for Rs.1,69,67,437/-. The assessee had bought these shares for Rs.66,000/- and declared Long Term Capital Gains under section 10(38) of the Act amounting to Rs.1,69,01,437/-.…
Income Tax Officer, Ward -12(1) Vs. Vasa Commercial Pvt. ltd.
The assessee, Vasa Commercial Pvt. ltd., filed the return of income on 24.09.2015, declaring a total income of ₹78,09,700/-. The case was reopened u/s 147 of the Act by issuing a notice u/s 148 of the Act on 31.03.2021. The Assessing Office…
Arati Purkait Vs ACIT, Circle-15(2), Kolkata
This is an appeal filed by the assessee, Arati Purkait, against the order of the Ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi. The appeal was filed for the Assessment Year 2013-14. The assessee did…
Late Arvind Kumar Kotawal vs ACIT, Circle 70(1), New Delhi
The return of income for A.Y. 2014-15 was filed by the assessee / appellant on 14.07.2014, declaring total income at Rs. 38,26,220/-. The assessee was selected for scrutiny and an initial notice u/s 143(2) dated 21.09.2015 was issued and se…
Bhavika Bhuwalka Vs. ITO
The case involves an appeal by Bhavika Bhuwalka against the order of the Commissioner of Income Tax (Appeals)/ NFAC, Delhi for the Assessment Year 2013-14. The assessee raised several grounds of appeal, including the invalidity of the notic…
Nilesh Premjibhai Patel Vs. ITO, Ward 32(2)(4)
The present appeal has been filed by the assessee, Nilesh Premjibhai Patel, challenging the order dated 31.03.2025 passed by the National Faceless Appeal Centre, Delhi, under section 250 of the Income Tax Act, 1961, for the assessment year …
Nilesh Pravinchandra Doshi Vs. ITO Ward 42(1)(3)
The assessee, Nilesh Pravinchandra Doshi, filed his original return of income for A.Y. 2017-18 declaring a total income of Rs. 14,45,090/-. The assessment was reopened under section 147 based on information that the assessee had purchased a…
Ketan Harilal Mehta vs Assistant Commissioner of Income-tax-32(2), Mumbai
The assessee, Ketan Harilal Mehta, filed his return of income for the assessment year 2014-15 and declared Long Term Capital Gain (LTCG) of Rs. 74,34,044/- under section 10(38) of the Income-tax Act, 1961 as exempted income. He had purchase…
Susanta Mallick vs. DCIT, Circle 11(1), Kolkata
The assessee, Susanta Mallick, filed a return declaring total income of Rs. 18.31 lakhs for the assessment year 2015-2016 and claimed exemption under section 10(38) on long-term capital gains (LTCG) amounting to Rs. 68.64 lakhs. Upon enquir…
Ranjit Kumar Modi
The assessee, Ranjit Kumar Modi, filed his return of income for the assessment year 2013-2014 declaring a total income of Rs.4,74,110/-. Information received from AIIMS data revealed that the assessee had availed a bogus entry of long-term …
M/s. Rarity Agencies Limited Vs. ITO, Ward-9(1), Kolkata
The assessee, M/s. Rarity Agencies Limited, filed an income tax return for the assessment year 2015-16 declaring a total income of ₹10,501 and claimed a refund of ₹22,960. The case was selected for scrutiny due to suspicious sale transactio…
Shri Mohan Sharma Vs. ITO, Ward-1(5), Faridabad
The assessee, Shri Mohan Sharma, sold shares on 05/08/2013 at a total value of Rs.2,51,21,976-00 before paying STT and brokerage through M/s. Kotak Securities Ltd. These shares were dematerialized on 24/07/2012, making the holding period le…