PR CIT 9, KOLKATA vs. MANISHA TIKMANI
In the result, these appeals are allowed and the substantial
ITAT/155/2021HC Calcutta14 Jun 2022
Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA
purchased by
her from the stock exchange and payment was made by cheque and delivery
of shares have also been taken. Further it was stated that merely because a
small amount was invested in penny stocks and it gave rise to huge capital
gains in a short period does not mean that the transaction is bogus