SURESH KUMAR PODDAR,KOLKATA vs. I.T.O., WARD - 63(4), KOLKATA, KOLKATA
In the result, appeal of the assessee is allowed
ITA 1542/KOL/2024[2011-2012]Status: DisposedITAT Kolkata06 Mar 2026AY 2011-2012
Bench: SHRI RAJESH KUMAR (Accountant Member)
Section 111ASection 132Section 132(1)Section 139(1)Section 144Section 147Section 148Section 153CSection 250Section 250o
capital gain and Rs. 73,60,000/- was added in respect of investment in shares of M/s Shri Ganesh
Spinners Limited, controlled and manage Shri Shah. The assessment was framed by the AO was affirmed by the Ld. CIT(A).
6. The ld AR vehemently submitted that the assessment framed by the AO u/s 144/147 of the Act vide order