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2024 (12) TMI 1434 - SCH - Income TaxBogus LTCG - Addition u/s 10(38) - Tribunal cancelling the disallowance of Long Term Capital Gain - as decided by HC 2022 (10) TMI 1264 - CALCUTTA HIGH COURT appeal filed by the revenue were allowed and the substantial questions of law were answered in favour of the revenue HELD THAT - Let supplementary affidavit be filed by the respondent explaining whether steps stand taken preferring any appeal(s) wherein the writ petition(s) stands dismissed. Also what action is taken against the erring officials who sat over the files and allowed the appeals to be preferred only after a prolonged period of delay. We may point out that in the counter affidavit the respondent themselves have pointed out that the tax evasion involved has an estimated revenue impact exceeding Rs. 38, 000/- crores. Needful be done within a period of two weeks. Rejoinder if any may be filed by the petitioner within one week thereafter. List on 15.1. 2025.
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