SATYA POWER AND ISPAT LTD.,BILASPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, RAIPUR
In the result, both the appeals of the assessee are allowed
ITA 51/RPR/2021[2012-13]Status: DisposedITAT Raipur29 Sept 2021AY 2012-13
Bench: Shri Pradip Kumar Kedia & Shri N. K. Choudhryआयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं./I.T.A. Nos.51 & 52/Rpr/2021 अपील िनधा"रण वष" वष" / Assessment Year : 2012-13 & 2013-14) (िनधा"रण िनधा"रण िनधा"रण वष" वष" Satya Power & Ispat Ltd., Deputy Commissioner Of बनाम/ बनाम बनाम बनाम First Floor, V R Plaza, Income-Tax, Vs. Link Road, Central Circle-2, Bilaspur-495001 (Cg) Raipur "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aahcs 4472 N .. (अपीलाथ" /Appellant) (""यथ" / Respondent) Shri Amit Maloo Jain, Ca अपीलाथ" ओर से /Appellant By : Shri P.K. Mishra, Cit-Dr ""यथ" क" ओर से/Respondent By : 30.07.2021 सुनवाई क" तारीख / Date Of Hearing 29.09.2021 घोषणा क" तारीख /Date Of Pronouncement आदेश/O R D E R Per Pradip Kumar Kedia - Am:
For Appellant: Shri P.K. Mishra, CIT-DRFor Respondent: 30.07.2021
Section 10(38)Section 143(1)Section 143(2)Section 143(3)Section 153ASection 263
penny stock company. The capital gains arose on such transactions of Regency
Trust Ltd. amounts to Rs.49,35,753/- and Rs.2,55,650/- for Assessment Years 2012-13 and 2013-14 respectively. In response, the assessee explained that specific queries were raised in the course of search assessment in this regard and after verification of the relevant details, bills, bank