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2018 (6) TMI 1384 - AT - Income TaxDenial of exemption claimed u/s.10(38) - claim denied disbelieving the claim of Long Term Capital Gains - claim was disbelieved on the statement given by a share broker Shri Ashok Kumar Kayan who stated that he was providing accommodation entry in the form of bogus Long Term Capital Gains, in connivance with entry operators and promoters of penny stock scripts - Held that:- Directions given required the assessee to prove the transactions of the Long Term Capital Gains by providing all evidence required by the AO and the Revenue has been directed to give the statement of Shri Ashok Kumar Kayan to the assessee for rebuttal - Appeal of the assessee is allowed for statistical purposes.
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