PRINCIPAL COMMISSIONER OF INCOME TAX-5, KOLKATA vs. SHRI MAHENDRA KUMAR PERIWAL
In the result, these appeals are allowed and the substantial
ITAT/136/2021HC Calcutta14 Jun 2022
Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA
exempt income. The assessee filed
copy of contract notes in support of purchase and sale of shares of Surabhi
Chemicals on which the long-term capital gains was claimed. From the
details furnished by the assessee, it was seen that the assessee had
purchased 50,000 shares of the company for Rs. 1,00,000/- on 16.03.2012
and 14.08.2012. Soon