2022 (10) TMI 1142

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.... CIT, appeared on behalf of the Revenue O R D E R Per Rajpal Yadav, Vice-President (KZ):- The assessee is in appeal before the Tribunal against the order of ld. Commissioner of Income Tax (Appeals)-14, Kolkata dated 04.04.2019 passed for assessment year 2014-15. 2. This appeal was listed on the Board on 26.11.2019. Thereafter it has been fixed almost more than twenty times. There is no....

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....,385/- for arranging this transaction. 4. A perusal of the record would suggest that in May, 2012, the assessee had purchased equity shares of M/s. CAPL from M/s. Jatadhari Marketing (P) Limited @ Rs.1/- per share. This CAPL later on amalgamated with M/s. Kailash Auto Finance Limited (KAFL). Thus ultimately in Accounting Year relevant to A.Y. 2014-15, the assessee has sold shares of M/s. Kailas....

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....d this aspect in its judgment in the case of Swati Bajaj & Others (2022) 139 taxmann.com 352(Cal.). One of the scrips dealt with by the Hon'ble High Court relates to Kailash Auto Finance Limited. In a number of appeals, we have also rejected the claim of the assessees, namely ITA Nos. 2552/KOL/2018, 1122/KOL/2018, 2093/KOL/2019, 2104/KOL/2018, 868/KOL/2019, 341/KOL/2018, 1673/KOL/2019. In ITA No. ....