Investments Accepted in Earlier Scrutiny Cannot Be Treated as Bogus u/s 68 on Sale

Ramchandra Ingot India Private Limited Vs DCIT (ITAT Kolkata)

Investments Accepted in Earlier Scrutiny Cannot Be Treated as Bogus u/s 68 on Sale—5% Profit Estimation by CIT(A) Deleted;

The assessee and the Revenue filed twelve cross-appeals for AYs 2016-17 to 2021-22 against separate orders of CIT(A)-27, Kolkata. The central dispute arose from additions made u/s 68 treating sale proceeds of unlisted equit

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