PRINCIPAL COMMISSIONER OF INCOME TAX 5 KOLKATA vs. M/S B L TAK AND SONS HUF
The appeal is allowed and the order passed by the learned Tribunal is set aside and the
ITAT/243/2024HC Calcutta09 Jun 2025
Bench: : The Hon'Ble The Chief Justice T.S Sivagnanam -A N D- Hon'Ble Justice Chaitali Chatterjee (Das) Date : 9Th June, 2025.
Section 143(3)Section 260ASection 69C
bogus long term capital loss. Further, the
assessing officer on facts found that the market sources revealed that accommodation
entries are normally given at brokerage charge of @ 0.2% to 0.5% of the amount
involved. Accordingly, the assessing officer held that the observations of expenditure
remained unexplained and added back the same to the total income of the assessee
under section
