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
capital gains and they have been
accordingly taxed as per the provisions of the Act. Further the investment
made by the assessee is based upon feedback/tips of the peers of the
investment industry and also based on research reports published in
business newspapers/journals/analyst report. Further the assessee stated
that in that process she had made investment in the equity share
