PRINCIPAL COMMISSIONER OF INCOME TAX, SILIGURI vs. SRI SATYA NARAYAN SARIA
In the result, these appeals are allowed and the substantial
ITAT/168/2021HC Calcutta14 Jun 2022
Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA
150
Chemicals and Investment Limited as part of colourable
device to generate fictitious LTCG with the aim to evade taxes
due.
(iii)
Whether on the facts and circumstances of the case and in
law the Learned Income Tax Appellate Tribunal erred in
deleting the disallowance of Long Term Capital Gains of Rs.
28,23,500/- overlooking the fact that
