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2022 (6) TMI 394 - AT - Income TaxMonetary limits for filing appeals specified in any Circular issued under Section 268A - Addition made u/s 68 - sales proceeds from penny stock - Transaction in the nature of organized tax-evasion scam - HELD THAT:- As per Circular No. 23/2019 dated 06.09.2019 para 3 in the case of bogus LTCG/STCL of penny stocks, appeals may be filed on merits as an exception to said Circular where Board by way of special order direct filing of appeal on merit in cases involved in organized tax evasion activity. Considering the directions in the Circular as we found that there is no special order obtained by the Department from Board in this case, hence, same is not qualified to be entertained - Appeal of the Revenue is dismissed relying on Board Circular
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