Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2021 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (7) TMI 502 - AT - Income TaxBogus LTCG - Unexplained cash credit u/s 68 - penny stock purchases - HELD THAT:- CIT(A) held that the AO has clearly established the fact that the impugned transaction is manipulated with the collusion of brokers to paint credit worthiness to the transaction and to claim exemption u/s. 10(38) of the Act and sustained the respective assessment. We find from the records that the respective assessee has not placed any material to dislodge the findings recorded by the Ld. CIT(A). Therefore, all the above appeals, filed by the respective assessee, are dismissed.
|