PRINCIPAL COMMISSIONER OF INCOME TAX, CENTRAL-1, KOLKATA vs. KRISHNA KUMAR PARSURAMKA
In the result, these appeals are allowed and the substantial
ITAT/130/2021HC Calcutta14 Jun 2022
Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA
bogus LTCG, the
assessee had benefited by trading and making manipulations in the scripts
of Unno Industries Limited and claimed exemption under Section 10(38) of
the Act. Thereafter the Commissioner proceeds to extract the report said to
have been prepared by the Director General of Income Tax Investigation,
West Bengal and observed that the scripts of Unno Industries Limited
