JET AGE SECURITIES PRIVATE LIMITED vs. COMMISSIONER OF INCOME TAX, KOLKATA-III

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

1,50,79,850/- and added the same to the assessee’s total income. Aggrieved by such order, the assessee preferred appeal before the Commissioner of Income Tax (Appeals), VIII, Kolkata [CIT(A)]. The CIT(A) on considering the facts held that the assessee has been investing in shares out of its own funds all along from its inception

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

Appeal is allowed to the extent indicated

Bench: HON'BLE JUSTICE SURYA PRAKASH KESARWANI,HON'BLE JUSTICE RAJARSHI BHARADWAJ