Principal Commissioner of Income Tax vs. Sri Nama Nageshwar Rao

Bench: P.SAM KOSHY,LAXMI NARAYANA ALISHETTY

purchased shares of an unlisted private company in 2010. This unlisted company then merged with another unlisted company, M/s Focus Industrial Resources Ltd. and shares of this merged entity were allotted to the Assessee. Subsequently, the merged entity allotted further bonus shares to the Assessee and thereafter it was listed on the Bombay Stock Exchange. Assessee sold these shares

AVANTI FEEDS LTD., vs. COMMISSIONER OF INCOMETAX

The appeal is dismissed, and the stay petition

Bench: P.SAM KOSHY,SUDDALA CHALAPATHI RAO

purchase and sale 2 of penny stocks i.e. BLUE CIRCLE & CCL INTERNATIONAL featuring in the list of ‘Bogus Capital Loss Claims’ information data provided by the Directorate of Investigation, Kolkata? ii. Whether, on the facts and circumstances of the case, the Learned Tribunal was justified in law in allowing the appeal of the assessee and deleting the disallowance