M/S. GAYAN TRADERS LIMITED vs. COMMISSIONER OF INCOME TAX, KOLKATA-II

In the result, the appeal filed by the assessee is allowed and the

Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE SUPRATIM BHATTACHARYA

capital gains and the learned tribunal was not justified in reversing such order that to in a vague manner. In support of his contention, leaned senior advocate placed reliance on the decision in the case of Commissioner of Income Tax-VII Versus Avinash Jain 1, Commissioner of Income Tax Versus Merlin Holding Private Limited 2, Commissioner of Income

PRINCIPAL COMMISSIONER OF INCOME TAX -3, KOLKATA vs. M/S. ITC LIMITED

Appeal is allowed to the extent indicated