JET AGE SECURITIES PRIVATE LIMITED vs. COMMISSIONER OF INCOME TAX, KOLKATA-III
In the result, the appeal filed by the assessee is allowed and the
ITA/79/2010HC Calcutta15 Sept 2022
Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE SUPRATIM BHATTACHARYA
Section 260ASection 94(7)
Long Term Capital Gains and Short Term
Capital Gains in respect of its holdings in shares and securities and the own
funds of the assessee were sufficient enough for investing in shares and
securities. Further the CIT(A) observed that the Assessing Officer himself
has treated the investment for more than 12 months to be falling under the
head