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2022 (11) TMI 1454 - HC - Income TaxBogus LTCG - undisclosed income in the garb of Long Term Capital Gain [LTGC] to claim exemption u/s 10[38] - off line transaction of purchase and sale of shares of penny stock companies - ITAT deleted addition - HELD THAT:- Tribunal that the assessee’s appeal had allowed following the decision of the Coordinate Bench of the learned Tribunal in the case of Ritin Lakhmani & Ors. [2020 (11) TMI 768 - ITAT KOLKATA] and allowed the appeal filed by the assessee. The revenue had preferred the appeal against the said order before this court in [2022 (11) TMI 1177 - CALCUTTA HIGH COURT]. Decided against revenue.
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