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
192 ITR 165 (Kar)
ITA/83/2010
REPORTABLE
Page 30 of 60
well as business income. In the Circular No. 6 of 2016, the Board directed
that in respect of listed shares and securities held for a period of more than
twelve months immediately preceding the date of its transfer, if the assessee
desires to treat the income arising from transfer thereof
