2025 (7) TMI 24

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....hri Hemanshu Joshi, Sr DR ORDER PER : NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER: This appeal has been preferred by the Assessee against the order dated 16.02.2024, impugned herein, passed by the National Faceless Appeal Centre (NFAC), Delhi/ u/s 250 of the Income Tax Act, 1961 (in short 'the Act') for the A.Y. 2013-14. 2. In the instant case, the Assessee had purchased 25000 shares of M....

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.... Assessee held such shares for a period of more than 27 months and in order to substantiate its claim u/s. 10(38) of the Act, filed relevant documents such as: (i) Contract note-cum-purchase bills, (ii) Confirmation of SEBI registered stock broker M/s. IIFL Securities, (iii) Bank Statements showing making of payment purchase of shares, (iv) D-mat statement, ....