MOTOREX FINANCE PVT LTD ,KOLKATA vs. ITO, WARD-4(1), KOLKATA

In the result, the appeal of the assessee stands allowed

Bench: Shri George Mathan & Shri Ratnesh Nandan Sahaymotorex Finance Pvt. Ltd., I.T.O., 1A, Grant Lane, Kolkata-700012 (West Ward 4(1), Vs. Bengal). Kolkata. Pan No. Aaccm 1042 R Appellant/ Assessee Respondent/ Revenue

condone the delay and admit the appeal. 3. On merit, it was submitted by the ld. AR that the assessee is an NBFC. It was a submission that during the impugned assessment year, the assessee had sold shares to an extent of Rs. 9,35,85,560/-. The assessee had also received interest income to an extent