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
144/- on
sale of shares in six companies was long-term capital gains or was it
business income. In this regard a show cause notice was issued to the
assessee stating that on going through the return of income it was found
that the assessee had entered into numerous transactions in a systematic
and organised manner of buying and selling
