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
gains amounting to Rs. 3,31,01,360/- wherein STT
was paid arose out of sale of shares of four companies and the purchase of
those shares of the four companies were made in the preceding financial
year i.e. 2002-2003. This is an important fact which needs to be borne in
mind which appears to have been brushed aside
