PRINCIPAL COMMISSIONER OF INCOME TAX-1,BHUBANESWAR vs. KUNTALA MOHAPATRA
ITA/10/2024HC Orissa15 Apr 2024
Bench: DR. JUSTICE B.R.SARANGI,MR. JUSTICE GOURISHANKAR SATAPATHY
Section 132(4)Section 68
Section 68 of the Income Tax Act,
19613, having observed as follows:-
“7. We have considered rival submissions in the light of decisions
relied upon and perused the materials on record. Undisputedly, the
dispute in the aforesaid three assessment years relates to addition of
investments made on account of share capital and share premium
by two entities with
