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Income Tax - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

Addition u/s 68 - bogus LTCG - The principle of fraud can be ...

Income Tax

February 9, 2023

Addition u/s 68 - bogus LTCG - The principle of fraud can be squarely applied to the facts of the present case and principles of natural justice have no application. - the transaction of purchase and sale of shares under consideration before us is void ab-initio, this is nothing but sham, make believe and colourful device adopted with excellent paper work with intention bringing the undisclosed income into books of account. - AT

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