Madras H.C : Value of shares allotted to individuals would amount to unexplained cash credit
High Court Of Madras V.R. Global Energy Pvt. Ltd. Vs. ITO Section 68 Asst. Year 2012-13 Indira Banerjee, CJ & […]
Section 68, Income Tax Case Laws
sale of shares
Sec. 271(1)(c ), Section 73
Gujarat H.C : The sale of such shares becomes the speculation business under the said Explanation
High Court Of Gujarat AMP Spinning & Weaving Mills (P.) Ltd. vs. ITO Section 73, 271(1)(c) Assessment year 2001-02 K.S.
Income Tax Case Laws, Sec. 2(4), Section 14A, Section 80M, Section 94
Madras H.C : The assessee, who is not in the business of buying and selling of stocks and shares is entitled to claim loss arising on redemption of units as business loss
High Court Of Madras CIT vs. Allu Arvind Babu Section 80M, 94(7), 14A, 34I, 2(4) Asst. Year 2001-02 Chitra Venkataraman
Sec. 158BD, Section 68
Punjab & Haryana H.C : The findings recorded by the ld. ITAT are perverse and contrary to the evidence available on record as the assessee had failed to discharge the onus to prove the genuineness of transactions of sale of shares shown by him
High Court Of Punjab &Â Haryana CIT, Faridabad vs. Om Parkash & Sons Assessment Year : 2000-01 Section : 68, 158BD
