M/S. SHAKAMBHARI ISPAT & POWER LTD.,KOLKATA V. DCIT, CENTRAL CIRCLE 3(3), , KOLKATA
ITA 931/KOL/2025
2019-2020
Pronouncement Date: 02-01-2026
Result: Assessee
Set asideInvalid noticereassessment proceedingsquestion of lawCorroborative evidencesUnexplained expenditureCost of acquisitionDocument seizedDocuments seizedBogus purchaseTax effectReopening of assessmentPrinciple of natural justiceSham transactionsSearch and seizureSource of fundLoose papers Assessment recordCompetent authorityOpportunity of cross examinationaudi alteram partemPenny stocksbogus147148144143(3)142(1)132153A131133(6)69C133A115JB