In the result, the appeal of the assessee in ITA No
Bench: Hon’Ble Shri M.Balaganesh, Am & Shri S.S.Viswanethra Ravi, Jm] I.T.A Nos. 848 To 850/Kol/2013 Assessment Years : 2005-06 To 2007-08 Ruguvalika Trading Pvt. Ltd. -Vs- Dcit, Circle-4, Kolkata (Since Merged With M.M. Murarka Share & Securities Pvt. Ltd. [Pan: Aabcr 5743 B] (Appellant) (Respondent)
133A of the Act on 19.9.2006, wherein the draft trial balance was found and the same was impounded by the survey team. In the said trial balance for the year ended 31.3.2005, the accountant of the assessee had reported the entire gains arising from sale of shares as trading profits and had not bifurcated the shares into stock in trade