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
199/- were concerned and the said amount was business income. The
assessee’s activities in respect of long-term shares held over from the earlier
years were separately examined by the tribunal and it accepted the
contention of the assessee that gains of Rs. 4,32,09,144/- from the sale of
ITA/83/2010
REPORTABLE
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long-term
