M/S.SHEETAL REAL vs. INCOME TAX OFFICER
In the result, the appeal fails and the substantial questions of law
ITA/83/2010HC Orissa08 Feb 2022
Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE R.K.PATTANAIK
Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 260ASection 372A
dividend income of Rs. 3.80
crores and in the year under consideration it was Rs. 14.25 lakhs. With
regard to the short-term capital gains, the assessee stated that they engaged
the services of a portfolio manager who would indulge in day to day
purchase and sale of shares and it is not done by the assessee themselves.
Therefore
