POONAM MARWAHA,AMRITSAR vs. ACIT DCIT CEN CIR, AMRITSAR

In the result, the appeal filed by assessee is allowed

145 taxmann.com 590 (Calcutta) HIGH COURT OF CALCUTTA Principal\nCommissioner of Income-tax v.ReetaLakhmani*\nSection 10(38), read with section 263, of the Income-tax Act, 1961 - Capital gains - Income\narising from transfer of long term securities (Penny stock shares) - Assessment year 2014-\n15 - Whether before exercise of power under section 263 it is Principal Commissioner\nwho has to apply

MESERS GANESH RICE MILLS,MUKTSAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-II, BATHINDA

In the result the appeal of the assessee ITA No