MANISH PARASRAMPURIA,KOLKATA vs. A.O., NFAC / D.C.I.T., CIRCLE-43, KOLKATA, KOLKATA
In the result, appeal of the assessee is partly allowed
ITA 654/KOL/2022[2015-2016]Status: DisposedITAT Kolkata23 Feb 2023AY 2015-2016
Bench: Shri Sanjay Garg & Shri Girish Agrawalassessment Year: 2015-16
For Appellant: Shri Siddarth Agarwal, AdvocateFor Respondent: Smt. Ranu Biswas, Addl. CIT, DR
Section 10(38)Section 111ASection 142(1)Section 143(3)Section 144BSection 147Section 68
section 115 BBE of the Act at the higher rate.”
4.3. Subsequently, case of the assessee was reopened u/s.
147 of the Act by recording the reasons to believe that based on information received through the Income Tax Business
Application (ITBA) module assessee had sold shares of penny stock having scrips named Appu Marketing & Manufacturing
Ltd. (AMML), currently known
