PRINCIPAL COMMISSIONER OF INCOME TAX 5 KOLKATA vs. M/S B L TAK AND SONS HUF

The appeal is allowed and the order passed by the learned Tribunal is set aside and the

Bench: : The Hon'Ble The Chief Justice T.S Sivagnanam -A N D- Hon'Ble Justice Chaitali Chatterjee (Das) Date : 9Th June, 2025.

Gain from sale of penny stocks and also covered by exceptions laid in respect of para 3.1(h) of CBDT’s Circular no.5 of 2024 dated March 15, 2024? We have heard Mr. Prithu Dudheria, learned senior standing counsel for the appellant/department. Despite service of notice on the respondent/assessee through post as well as through e-mail, none appears