Sarita Goenka vs. Income Tax Officer
Case No: I.T.A. No.2157/Kol/2025
Court: INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH, KOLKATA
Date: 12/19/2025
Parties Involved
appellantSarita Goenka
respondentIncome Tax Officer
Facts Summary
The assessee, Sarita Goenka, did not file any return of income for the assessment year 2014-15. The Investigation Wing of the Income Tax Department found that a racket involving accommodation entries in the form of Long Term Capital Gains/Short Term Capital Gains on penny-stock was operative. The assessee was identified as a beneficiary of such an accommodation entry involving the sale of shares of M/s Global Capital Market Limited. Consequently, the case was reopened under section 147 of the In…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the order of the Learned Commissioner of Income Tax (Appeals) upholding the assessment order is valid.