ITAT Sets Aside Rs 11.48 Crore Capital Gains Addition, Remands Case for Fresh Adjudication After Finding Lack of Hearing Opportunity:

The ITAT Bench has set aside a Rs 11.48 crore addition on securities and mutual fund transactions, directing the AO to conduct a fresh assessment after proper verification and a meaningful hearing.

ITAT Lucknow Sets Aside Rs 11.48 Crore Capital Gains Addition

Vanshika verma

Sep 2, 2026

Last update on Sep 1, 2026

Premium

ITAT Sets Aside Rs 11.48 Crore Capital Gains Addition, Remands Case for Fresh Adjudication After Finding Lack of Hearing Opportunity

The ITAT Bench has set aside a Rs 11.48 crore addition on securities and mutual fund transactions, directing the AO to conduct a fresh assessment after proper verification and a meaningful hearing.

Also Read

Universal Unity Trust Withdraws Appeals Against CIT(E) Order ITAT Holds AO Should Have Invoked Sections 147 And 148A After April 2021 Amendment ITAT Deletes Rs 1.70 Crore Additions, Says Purchases Cannot Be Disallowed Without Rejecting Book ITAT Holds Handmade Production Through Karigars Eligible

About Author

Vanshika verma

Content Writer

Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.