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

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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.

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Vanshika verma

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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.