TaxTMI 
TaxTMI 
SC ORDERS COMPILED ON LTCG - ALLEGED BOGUS BY DEPARTMENT- FINALITY FOUND IN CASE OF SANJAY KUMAR SANJAY KUMAR DAMJIBHAI AND MANY OTHERS AND ALSO RECENT WITHDRAWN CASES BY DEPARTMENT.
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....C ORDERS COMPILED ON LTCG - ALLEGED BOGUS BY DEPARTMENT- FINALITY FOUND IN CASE OF SANJAY KUMAR SANJAY KUMAR DAMJIBHAI AND MANY OTHERS AND ALSO RECENT WITHDRAWN CASES BY DEPARTMENT.<br>By: - DEV KUMAR KOTHARI<br>Income Tax<br>Dated:- 2-7-2026<br>Results on search of LTCG related cases before the Supreme Court, it is seen that in most of cases in which claim is supported by documents, banking and DP transactions have been decided in favour of assessee, in spite of some investigation reports and verbal statements of alleged entry operators. Facts and allegations of department were similar as we can find on reading of related judgments of HC and ITAT. Now department has started withdrawal of SLP - order in case of PCIT Vs. Bindu Garg ....
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....is found and list of tagged case is also found but order is not available on website of the Supreme Court. Search results on this website: Showing Results for : Law: Income Tax Courts: Supreme Court - All Sort : default Search In : Main Text + AI Text Searched Text : LTCG on penny Law: Income Tax Courts: Supreme Court - All Sort : default Search In : Main Text + AI Text Searched Text : capital gains penny stock Showing Results for : Law: Income TaxCourts: Supreme Court - All, Party Name: Mohapatra Law: Income Tax Courts: Supreme Court - All Sort : default Search In : Main Text + AI LTCGText Searched Text : LTCG And after search author filtered from the search for cases related to alleged bogus LTCG on penny stock ....
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....in original assessment, some reassessment and search cases. Some cases found in search related to prosecution, penalty and other issues not connected with allowability of LTCG as genuine and exempted u.s. 10.38. These have not been included in this write-up, as not related to issue of exemption. Only orders of SC related to exemption u.s. 10.38, alleged by department as bogus are appended below. Related judgments of HC,and ITAT are available in links provided with judgment. 2026 (5) TMI 620 - SC Order No.- Special Leave Petition (Civil) 16892/2026 @ Diary No(s). 23191/2026 Dated:- May 8, 2026 The Principal Commissioner of Income Tax 1 Versus Sanjaykumar Damjibhai Gangani. ORDER 1. Delay condoned. 2. Having heard t....
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....he learned counsel appearing for the Revenue and having gone through the materials on record, we find no good ground to interfere with the impugned order passed by the High Court. 3. The Special Leave Petition is, accordingly, dismissed. 4. Pending applications, if any, also stand disposed of. 2026 (2) TMI 500 - SC Order Principal Commissioner of Income Tax Central II Versus Dinesh Gupta. No.- Special Leave Petition (Civil) Diary No(s). 4234/2026 Dated:- February 9, 2026 ORDER 1. Delay condoned. 2. We are not inclined to interfere with the impugned order in exercise of our jurisdiction under Article 136 of the Constitution of India. 3. The Special Leave Petition is, accordingly, dismissed and the accompanying i....
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....nterlocutory application(s), if any, stands disposed of. 2026 (4) TMI 1796 - SC Order Principal Commissioner of Income Tax 13 Kolkata Versus Pradip Kumar Jajodia (HUF). No.- Special Leave to Appeal (C) No(S). 13533/2026 [@Diary No. 15728/2026] Dated:- April 15, 2026 ORDER 1. Delay condoned. 2. We do not find a good ground to interfere with the impugned judgment in exercise of our jurisdiction under Article 136 of the Constitution of India. Accordingly, the special leave petition is dismissed. 3. Pending application(s), if any, shall stand disposed of. 2025 (11) TMI 1619 - SC Order The Assistant Commissioner of Income Tax Versus Vikram Knittex Pvt. Ltd. No.- Special Leave Petition (Civil) Diary No(s). 57752/2....
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....025 Dated:- November 21, 2025 ORDER 1. The Special Leave Petition is dismissed on the ground of delay as well as on merits. 2. Pending application(s), if any, shall stand disposed of. 2025 (3) TMI 153 - SC Order Principal Commissioner of Income Tax 1 Versus Damodar Jajoo No.- Petition(s) for Special Leave to Appeal (C) No(s). 1144/2025 @D. No. 57702/2024 Dated:- January 10, 2025 ORDER 1. Delay condoned. 2. Having heard the learned counsel appearing for the petitioner and having gone through the materials on record, we see no reason to interfere with the impugned order passed by the High Court. 3. The Special Leave Petition is, accordingly, dismissed. 4. Pending application(s), if any, stands disposed o....
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....f. 2025 (2) TMI 991 - SC Order PRINCIPAL COMMISSIONER OF INCOME TAX Versus BULBUL AGRAWAL No.- Special Leave to Appeal (C) No. 26629 / 2023 Dated:- February 19, 2025 ORDER UPON hearing the counsel the Court made the following. After having heard learned counsel appearing for petitioner and after perusing the finding of facts recorded by the Tribunal in paragraph 14 and 15 of its judgment which has been confirmed by the High Court, we find no case for interference is made out in exercise of our jurisdiction under Article 136 of the Constitution of India. The Special Leave Petitions are, accordingly, dismissed. Pending application(s), if any, shall stand disposed of. 2024 (9) TMI 587 - SC Order PRINCIPAL COMMISSI....
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....ONER OF INCOME TAX - 1 Versus HIMANSHU MOHAPATRA No.- SPECIAL LEAVE PETITION (CIVIL) DIARY NO(S). 34106/2024 Dated:- September 9, 2024 ORDER UPON hearing the counsel the Court made the following. There is a delay of 449 days in filing the special leave petition. The explanation offered is not sufficient in law to condone the delay. Hence, the application seeking condonation of delay is dismissed. Consequently, the special leave petition is also dismissed keeping open the question of law, if any. Pending application(s) stand disposed of. The aforesaid order is passed following the order passed by this Court on 23.02.2024, in Special Leave Petition (C) D. No.5706/2024 (PR. Commissioner Of Income Tax 1 Vs. Anupama Mohap....
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....atra). 2024 (5) TMI 35 - SC Order PRINCIPAL COMMISSIONER OF INCOME TAX- 1 Versus SITANSU SEKHAR MOHAPATRA No.- SPECIAL LEAVE PETITION (CIVIL) DIARY NO(S). 11963/2024 Dated:- April 29, 2024 ORDER UPON hearing the counsel the Court made the following. There is gross delay of 309 days in filing the special leave petition. The explanation offered is not sufficient in law to condone the delay. Hence, the application seeking condonation of delay is dismissed. Consequently, the special leave petition is also dismissed keeping open the question of law, if any. Pending application(s) shall stand disposed of. 2024 (4) TMI 507 - SC Order PRINCIPAL COMMISSIONER OF INCOME TAX-1 Versus SITANSU SEKHAR MOHAPATRA No.- SPECIAL L....
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....EAVE PETITION (CIVIL) DIARY NO(S). 11918/2024 Dated:- April 10, 2024 ORDER UPON hearing the counsel the Court made the following. There is gross delay of 309 days in filing this special leave petition. The explanation offered is not sufficient in law to condone the delay. Hence, the application seeking condonation of delay is dismissed. Consequently, the special leave petition is also dismissed keeping open the question of law, if any. In doing so, we have also followed the earlier order of this Court dated 01.03.2024 passed in Principal Commissioner of Income Tax 1 vs. Dipansu Mohapatra in SLP(C) Dy. No.5854/2024. Pending application, if any, shall stand disposed of. 2024 (4) TMI 550 - SC Order THE PR. COMMISS....
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....IONER OF INCOME TAX-1, ORISSA Versus KISHORE KUMAR MOHAPATRA No.- SPECIAL LEAVE PETITION (CIVIL) DIARY NO(S). 10281/2024 Dated:- April 5, 2024 ORDER UPON hearing the counsel the Court made the following. Heard the learned senior counsel appearing for the petitioner. Delay condoned. No case for interference is made out in exercise of our jurisdiction under Article 136 of the Constitution of India. The Special Leave Petition is, accordingly, dismissed. Pending application also stands disposed of. 2024 (4) TMI 209 - SC Order PRINCIPAL COMMISSIONER OF INCOME TAX-I Versus ANUPAMA MOHAPATRA No.- SPECIAL LEAVE PETITION (CIVIL) DIARY NO(S). 10984/2024 Dated:- April 1, 2024 ORDER UPON hearing the counsel the....
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.... Court made the following. There is gross delay of 303 days in filing this special leave petition. The explanation offered is not sufficient in law to condone the delay. Hence, the application seeking condonation of delay is dismissed. Consequently, the special leave petition is also dismissed keeping open the question of law, if any. In doing so, we have also followed the earlier order of this Court dated 01.03.2024 passed in Principal Commissioner of Income Tax 1 Vs. Dipansu Mohapatra in SLP (C) Dy No.5854/2024. Pending application(s), if any, shall stand disposed of. 2024 (3) TMI 1021 - SC Order PR. COMMISSIONER OF INCOME TAX Versus DEEPANSU MOHAPATRA No.- SPECIAL LEAVE PETITION (CIVIL) DIARY NO(S). 10128/2024 SLP....
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....(C) Dy No. 10275/2024 Dated:- March 19, 2024 ORDER UPON hearing the counsel the Court made the following. SLP(C) Dy. No.10128/2024 : [2023 (2) TMI 392 - ORISSA HIGH COURT] There is gross delay of 298 days in filing this special leave petition. The explanation offered is not sufficient in law to condone the delay. Hence, the application seeking condonation of delay is dismissed. Consequently, the special leave petition is also dismissed, keeping open the question of law, if any. Pending application(s), if any, shall stand disposed of. SLP(C) Dy. No.10275/2024 : [2023 (2) TMI 392 - ORISSA HIGH COURT] There is gross delay of 300 days in filing this special leave petition. The explanation offered is not sufficient ....
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....in law to condone the delay. Hence, the application seeking condonation of delay is dismissed. Consequently, the special leave petition is also dismissed, keeping open the question of law, if any. Pending application(s), if any, shall stand disposed of. 2024 (3) TMI 576 - SC Order PR. COMMISSIONER OF INCOME TAX 1 Versus KUNTALA MOHAPATRA No.- SPECIAL LEAVE PETITION (CIVIL) Diary No(s). 5269/2024 Dated:- March 4, 2024 ORDER UPON hearing the counsel the Court made the following. Delay condoned. Heard the learned Additional Solicitor General. We are not inclined to interfere with the impugned judgment and order passed by the High Court. Hence, the Special Leave Petition is dismissed. Pending application(s....
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....), if any, shall stand disposed of. 2024 (3) TMI 217 - SC Order PR. COMMISSIONER OF INCOME TAX - 1 Versus DIPANSU MOHAPATRA No.- SPECIAL LEAVE PETITION (CIVIL) Diary No(s). 5854/2024 Diary No(s). 8328/2024 (XI - A) SPECIAL LEAVE PETITION (CIVIL) Diary No(s). 4888/2024 Dated:- March 1, 2024 ORDER UPON hearing the counsel the Court made the following. There is gross delay of 273 days, 288 days and 267 days in filing the special leave petitions. The explanation offered is not sufficient in law to condone the delay. Hence, the applications seeking condonation of delay are dismissed. Consequently, the special leave petitions are also dismissed keeping open the question of law, if any. Pending applications stand dispose....
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....d of. 2024 (2) TMI 1202 - SC Order PR. COMMISSIONER OF INCOME TAX 1 Versus ANUPAMA MOHAPATRA No.- SPECIAL LEAVE PETITION (CIVIL) DIARY NO(S). 5706/2024 Dated:- February 23, 2024 ORDER UPON hearing the counsel the Court made the following. There is gross delay of 272 days in filing the special leave petition. The explanation offered is not sufficient in law to condone the delay. Hence, the application seeking condonation of delay is dismissed. Consequently, the special leave petition is also dismissed keeping open the question of law, if any. Pending application(s) stand disposed of. 2021 (8) TMI 834 - SC Order THE PRINCIPAL COMMISSIONER OF INCOME TAX 1 Versus PARASBEN KASTURCHAND KOCHAR No.- Petition(s) f....
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....or Special Leave to Appeal (C) No(s). 6782/2021 Dated:- August 2, 2021 ORDER We are not inclined to interfere with the impugned order. The Special Leave Petition is, accordingly, dismissed. Pending application, if any, stands disposed of. 2022 (4) TMI 1452 - SC Order PRINCIPAL COMISSIONER OF INCOME TAX 12 Versus KRISHNA DEVI No.- Special Leave to Appeal (C) No(s). 4068/2022 Dated:- April 1, 2022 ORDER Issue notice. Dasti, in addition. Tag with SLP(C) No. 419 of 2022. PRINCIPAL COMMISSIONER OF INCOME TAX 12 Versus BINDU GARG - 2026 (7) TMI 54 - SC Order List of large number of cases above 50 tagged is also available, however, order is not yet available. =============<br> Scholarly articles fo....
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