PRINCIPAL COMMISSIONER OF INCOME TAX 5 KOLKATA vs. SHRI SAWANKUMAR T JAJOO
Accordingly, the appeal fails and dismissed
ITAT/271/2024HC Calcutta17 Jan 2025
Bench: THE HON'BLE THE CHIEF JUSTICE T.S SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA
Section 10(38)Section 143(3)Section 153ASection 260ASection 68
bogus Long Term Capital Gain from sale
of penny stocks and also covered by exceptions laid in respect of Para
3.1(h) of CBDT’S Circular No. 5 of 2024 dated March 15, 2024?
3
3. We have heard Mr. Soumen Bhattacharjee, learned Standing Counsel for the
appellant and Ms. Aratrika Roy, learned senior Advocate appearing for
respondent/assessee. There
