2018 (10) TMI 726

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....an appeal filed by the assessee directed against the order of the Commissioner of Income Tax-(A)-4, Kolkata dated 21.02.2018 passed u/s 250 of the Income Tax Act, 1961 (the 'Act ') relating to A.Y. 2013-14. 2. The sole issue that arises for my adjudication is whether the Assessing Officer was right in rejecting the claim of the assessee that he had earned Long Term Capital Gains on purchase and....

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....s found to controvert the evidence filed by the assessee, in support of the genuineness of the transactions. In other words, the overwhelming evidence filed by the assessee remains unchallenged and uncontroverted. The entire conclusions drawn by the revenue authorities, are based on a common report of the Director of Investigation, Kolkata, which was general in nature and not specific to any asses....

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....7 2 443/Kol/2017 Kiran Kothari (HUF) vs ITO 15.11.2017 3. 22 of 2009 Calcutta High Court CIT, Kolkata-III vs Bhagwati Prasad Agarwal 29.04.2009 4. 456 if 2007 Bombay High Court CIT vs Shri Mukhesh Ratilal Marolia 07.09.2011 5. 18 of 2017 Punjab and Haryana High Court Pr. C.I.T. (Central)Ludhiana vs Sh.Hitesh Gandhi, 16.02.2017 6. 95 of 2017 Pun....