PRINCIPAL COMMISSIONER OF INCOME TAX-1, KOLKATA vs. M/S.EFFERVESCENT COMMERCIAL PVT LTD

Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA

Section 268A of the Act. Learned counsel appearing for the respondent/assessee submitted that though the issue for which assessment was completed vide order dated 28th December, 2016 may arise for a penny stock issue, it is not a matter concerning any claim for bogus LTCG/STCL. In this regard, learned counsel has drawn our attention to the reply to the show