PRINCIPAL COMMISSIONER OF INCOME TAX 9 KOLKATA vs. M/S STEEL AUTHORITY OF INDIA EMPLOYEES CO OPERATIVE CREDIT SOCIETY LTD
In the result, the appeals filed by the revenue are dismissed and the
ITAT/62/2023HC Calcutta10 Apr 2023
Bench: : The Hon’Ble Acting Chief Justice T.S. Sivagnanam & The Hon’Ble Justice Hiranmay Bhattacharyya Date : 10Th April, 2023 Appearance : Ms. Smita Das De, Adv. …For The Appellant Mr. Saumya Kejriwal, Adv. Mr. G.S. Gupta, Adv. …For The Respondent The Court : We Have Heard Ms. Smita Das De, Learned Standing Counsel For The Appellant & Mr. Saumya Kejriwal, Learned Counsel For The Respondent. There Is A Delay Of 168 Days In Filing These Appeals.
Section 14ASection 260A
capital gain
from the investments for the assessment year 2011-12, which was reversed by
the CIT(A) and it was held to be business income and that order passed by the
CIT(A) has not been challenged by the department and has been allowed to
attain finality. Thus, the Tribunal rightly noted the decisions of the Hon’ble
Supreme
