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
Section 68 of the Act does
not arise.
ITAT NO. 06 OF 2022 AND ETC. BATCH
Page 20 of 150
6. The assessing officer after taking into consideration the submissions
made by the assessee and the documents produced by the assessee noted
that from the contract notes, it was seen that the assessee purchased 50,000
shares in Surabhi Chemicals
