Bogus LTCG - disallowance of exemption claimed by assessee u/s ...

Case Laws Income Tax

May 7, 2021

Bogus LTCG - disallowance of exemption claimed by assessee u/s 10(38) on account of LTCG - there is no live link in the order of SEBI about the transactions of shares of assessee under scrutiny, so such order cannot be read against the assessee in absence of ant corroborative evidence. In fact there is no evidence on record that the assessee made any prearranged transactions. - Additions deleted - AT

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Bogus LTCG - disallowance of exemption claimed by assessee u/s ...

Case Laws Income Tax

May 7, 2021

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