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
Section 43(5) of the Act. Therefore, it is submitted that the
orders passed by the tribunal may be affirmed.
22.
Mr. Saurabh Bagaria, learned advocate appearing for the appellant in
ITAT No. 138 of 2021 had painstakingly taken us through the assessment
order dated 09.12.2016 and submitted that the assessee had made
investment in reputed companies yet suffered long
