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
transferred to
D-Mat account. Further it was stated that the equity shares of the company
were sub-divided i.e for every one share having nominal value of Rs. 10, the
equity holders got 10 shares of Rs. 1 and the assessee got 45,000 equity
shares thus, totally holding 50,000 equity shares in the said company. The
assessee
