Capital Gains arising on Sale of Shares cannot be regarded as Sham Profit: ITAT deletes additions made u/s 69A of Income Tax Act [Read Order]

ITAT - ITAT Delhi - Income Tax - ITAT deletes additions - Capital Gains - Sale of shares - Capital Gains arising on sale of shares Shares - TAXSCAN

The Delhi bench of Income Tax Appellate Tribunal ( ITAT ), while deleting the addition made under Section 69A of the Income Tax Act, 1961 held that capital gain arising on sale of shares could not be regarded as sham profit. The assessee Sarika Bindal  filed her return of income declaring total income at Rs.10,64,770/- for…

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