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Income Tax - Highlights / Catch Notes

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Bogus LTCG - exemption claimed u/s 10(38) denied - No evidence ...


LTCG Exemption Denied: Court Confirms High Court Decision Due to Lack of Evidence Beyond Broker Notes u/s 10(38.

September 26, 2019

Case Laws     Income Tax     HC

Bogus LTCG - exemption claimed u/s 10(38) denied - No evidence of actual sale except the contract notes issued by the share broker were produced by the assessee. No question of law, therefore arises - additions confirmed - HC

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