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Income Tax - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Bogus LTCG - Long Term Capital Gain on sale of listed equity ...

Income Tax

April 10, 2020

Bogus LTCG - Long Term Capital Gain on sale of listed equity share exempt u/s 10(38) - Company has a meager turnover and minuscule profit. The regulators conducted the enquiry and found that the price of this company has been rigged. - The statement of the assessee itself did not give any credence to the mere documentary evidences produced by. - Additions confirmed - AT

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