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
Section 372A of the
Companies Acct, 1956 and the investments were with a long-term view
which is evident from the fact that during the financial year in question the
assessee has earned Rs. 406.51 lakhs as capital gain from investment
activities out of which Rs. 432.09 lakhs was long-term capital gain. Further,
the assessee stated that during
