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Income Tax - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Large number of penny stock companies, whose share prices were ...

Income Tax

March 19, 2016

Large number of penny stock companies, whose share prices were artificially raised on the Stock Exchanges in order to book bogus claims of Long Term Capital Gains or Short Term Capital Loss by various beneficiaries.

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  1. Unexplained credits u/s. 68 - Bogus LTCG - Penny stock purchases - Nothing on record to suggest that the shares were never with the assessee. On the contrary, the shares...

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