Bogus LTCG - onus to prove - Penny stock purchases - Claim made ...

High Court Invalidates ITAT's Remand Order on Section 10(38) LTCG Claims, Rules in Favor of Revenue Authority.

September 23, 2021

Case Laws Income Tax HC

Bogus LTCG - onus to prove - Penny stock purchases - Claim made u/s 10(38) denied - ITAT remanded the matter back - Where all the evidence had been produced and the CIT(A), after full investigation of the evidence and examination of the accounts, had given a definite finding on the question in issue, the Tribunal's order of remand was held to be invalid. Substantial questions of law framed are answered in favour of the Revenue - HC

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Bogus LTCG - onus to prove - Penny stock purchases - Claim made ...

High Court Invalidates ITAT's Remand Order on Section 10(38) LTCG Claims, Rules in Favor of Revenue Authority.

September 23, 2021

Case Laws Income Tax HC

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