PRINCIPAL COMMISSIONER OF INCOME TAX-5, KOLKATA vs. VIRENDRA KUMAR SURANA , HUF

Bench: :

capital gain was not justified. The assessee initially sought to justify their share 5 transaction but ultimately accepted the allegations made by the Assessing Officer in the show-cause notice which resulted in an assessment order and the assessee had also paid tax. Subsequently, penalty proceedings were initiated and the notice under section 274

PRINCIPAL COMMISSIONER OF INCOME TAX ASANSOL vs. ANSHUMAN DROLIA

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