2025 (4) TMI 1696

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....ali Chatterjee (Das) For the Appellant : Mr. Aryak Dutta, Adv., Mr. Soumen Bhattacharjee, Adv., Mr. Ankan Das, Adv., Ms. Riya Kundu, Adv., Ms. Shradhya Ghosh, Adv. For the Respondent : Mr. J.P. Khaitan, Sr. Adv., Mr. Pratyush Jhunjhunwalla, Adv., Mr. Uttam Sharma, Adv. ORDER The Court : This appeal filed by the revenue under Section 260A of the Income Tax Act, 1961 [the Act] is directe....

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....rd Mr. Aryak Dutta, learned standing counsel assisted by Mr. Soumen Bhattacharjee, learned standing counsel for the appellant and Mr. J. P. Khaitan, learned senior advocate assisted by Mr. Pratyush Jhunjhunwalla, learned advocate for the respondent. 3. The short issue which falls for consideration is whether the learned tribunal was right in affirming the order passed by the Commissioner of Inc....

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....-11 in Schedule-4 of the balance-sheet and after considering these facts it was stated that the assessee had sold shares held by way of the investment during the year to M/s. Shivshakti Communications and Investment Pvt. Ltd. and Carnation Tradelink Pvt. Ltd. and it is not a receipt of unsecured loan. This fact, apart from other factual details, were considered by the CIT (A) and by an elaborate o....