JYOTI RAKESH ROONGTA,KOLKATA vs. ITO, WARD-43(5), KOLKATA
In the result, the appeal of the assessee is allowed
ITA 143/KOL/2024[2012-13]Status: DisposedITAT Kolkata08 Apr 2024AY 2012-13
Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumari.T.A. No. 143/Kol/2024 Assessment Year: 2012-2013 Jyoti Rakesh Roongta,…………………………….Appellant Suite-F, 4Th Floor, Mission Court, 25, R.N. Mukherjee Road, Kolkata-700001 [Pan:Adjpr8090H] -Vs.- Income Tax Officer,…………………………….…Respondent Ward-43(5), Kolkata, 3, Government Place, Kolkata-700001 Appearances By: Shri S.K. Pransukhka, Fca, Appeared On Behalf Of The Assessee Shri B.K. Singh, Jcit, Sr. D.R., Appeared On Behalf Of The Revenue Date Of Concluding The Hearing : April 08, 2024 Date Of Pronouncing The Order : April 08, 2024 O R D E R
Section 10(38)(b)Section 142(1)Section 148Section 50C
taking us through the paper book contended that in the computation of income, there is no such claim of capital gain exemption under section 10(38)(b).
He also drew our attention towards Bank statement where it does not show credit of any amount on sale of shares
