PRINCIPAL COMMISSIONER OF INCOME TAX, CENTRAL-1, KOLKATA vs. KRISHNA KUMAR PARSURAMKA
In the result, these appeals are allowed and the substantial
ITAT/130/2021HC Calcutta14 Jun 2022
Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA
carried out by either of the concerned persons
directly related to the equity shares of the said company in which the
assessee had traded. Further the assessee would state that any general
information relating to other company’s shares cannot be the basis for
casting allegations of suspicion and treating a transaction in-genuine, as no
addition can be made
