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
price during this period was phenomenal and none of the companies have
declared any dividend. The CIT(A) drew adverse inference against the
assessee noting the volume and frequency of the transactions. The CIT(A)
came to the conclusion that the assessee was actually engaged actively in
share transactions, they had a full-fledged shares Department
