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Uploading of Information Related to Penny Stock in Respect of Assessees

Income Tax - F.NO.287/30/2014-IT (INV.II)-VOL-III - Dated:- 16-3-2016 - LETTER F.NO.287/30/2014-IT (INV.II)-VOL-III DATED 16-3-2016 REF : EFS Instruction No.53 of Directorate of Systems dated 08.03.2016 Kind attention is invited to the above referred EFS Instruction issued by the System Directorate regarding handling cases of Penny Stocks (suspect Long Term Capital Gains/Short Term Capital Loss etc). 2. It is informed that the said instruction is in the context of investigation conducted by Kolk .....

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ata, the Systems Directorate has now uploaded details of such information in respect of individual assessees who have made transactions in such penny stocks. 3. Vide EFS Instruction under reference a new button 'Penny Stock' has been added on Individual Transaction Screen (ITS) to display information related to penny stock, now enabled on the screen of the Assessing Officers (AOs). Available information regarding the manipulative transactions has been captured in the functionality, inclu .....

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