PRINCIPAL COMMISSIONER OF INCOME TAX 9 KOLKATA vs. P L GOENKA HUF
Accordingly, the appeal filed by the revenue is allowed and the substantial
ITAT/241/2024HC Calcutta06 May 2025
Bench: THE HON'BLE THE CHIEF JUSTICE T.S SIVAGNANAM,HON'BLE JUSTICE CHAITALI CHATTERJEE (DAS)
For Appellant: Mr. Tilak Mitra, AdvocateFor Respondent: None
Section 144BSection 147Section 260A
Capital Gains of Rs.5,36,750/-
claiming these as exempt from taxation?
(c) Whether on the facts and in the circumstances of the case and in law
the Learned Income Tax Appellate Tribunal (ITAT) was justified in law
by not considering the fact brought on record establishing manipulation
of share prices of penny stock M/s. Tuni Textile Mills
