SKYBRIDGE REAL ESTATES LLP,KOLKATA vs. D.C.I.T., CIRCLE - 34, KOLKATA, KOLKATA
In the result, the appeal filed by the assessee is allowed
ITA 1849/KOL/2024[2018-2019]Status: DisposedITAT Kolkata02 Dec 2024AY 2018-2019
Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm Skybridge Real Estates Llp Dcit, Circle -34, 24, Hemant Basu Sarani, Aaykar Bhavan Poorva, 110, Mangalam-A, 5Th Floor, Room Shanti Pally, E.M. Bypass, Vs. No.507, Kolkata-700001, Kolkata-700107, West Bengal West Bengal (Appellant) (Respondent) Pan No. Acvfs7139R Assessee By : Shri N.S. Saini, Ar Revenue By : Ms. Ruchika Sharma, Dr Date Of Hearing: 21.11.2024 Date Of Pronouncement : 02.12.2024
For Appellant: Shri N.S. Saini, ARFor Respondent: Ms. Ruchika Sharma, DR
Section 10(38)Section 143(3)Section 144BSection 28
144B of the Act.
04. In the appellate proceedings, the ld. CIT (A) simply affirmed the order of ld. AO.
05. After hearing the rival contentions and perusing the materials available on record, we note that the assessee is in the business of investment and trading in shares, securities and derivatives besides doing the business of general commission agent
