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HomeDirect TaxBogus Share Transaction Case Exempted from CBDT Low-Tax-Effect Circular: Delhi HC

Bogus Share Transaction Case Exempted from CBDT Low-Tax-Effect Circular: Delhi HC

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The Delhi High Court has held that bogus share transaction cases involving allegations of organised tax evasion cannot be dismissed merely on the ground that the tax demand falls below the monetary threshold prescribed for departmental appeals. The Bench of Justice Dinesh Mehta and Justice Vinod Kumar allowed the Income Tax Department’s appeal against an…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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