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
capital gains both short term and long
term and they have been accordingly taxed as per provisions of the Act.
Further the assessee stated that she fails to understand as to on what basis
the department has classified the share as a penny stock though the assessee
received bonus from the said company, dividend from the said company and
prominent
