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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Bogus LTCG - since the assessee produced all relevant evidence ...


Transactions Deemed Legitimate: Evidence Supports Purchase, Dematerialization, and Sale of Shares; No Contradictory Evidence Found.

August 27, 2019

Case Laws     Income Tax     AT

Bogus LTCG - since the assessee produced all relevant evidence to substantiate the transaction of purchase, dematerialization and sale of shares then, in the absence of any contrary material or record, the same cannot be held as bogus transaction merely on the basis of report of Investigation Wing

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