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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Genuineness of claim of loss - allegation of purchase and sale ...

Income Tax

September 29, 2018

Genuineness of claim of loss - allegation of purchase and sale of Penny stocks - The entire addition has been made on probabilities, human behaviour, the alleged unnatural fluctuation in prices of the shares etc., but not based on any evidence connecting the assessee with such allegations - No additions.

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