PRINCIPAL COMMISSIONER OF INCOME TAX-5, KOLKATA vs. SHRI MAHENDRA KUMAR PERIWAL
In the result, these appeals are allowed and the substantial
ITAT/136/2021HC Calcutta14 Jun 2022
Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA
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of 2021, (assessee, Girish Tikmani), the Assessing Officer without discussing
the facts by a cryptic order accepted the claim of the assessee towards LTCG
in respect of shares purchased and sold by the assessee of a shell company.
The Commissioner of Income Tax (CIT), exercised power under Section 263
of the Act and reversed the order passed
