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Income Tax - Highlights / Catch Notes

Home Highlights August 2023 Year 2023 This

Addition u/s 69 - bogus LTCG - Penny Stock purchases - Overall ...

Income Tax

August 9, 2023

Addition u/s 69 - bogus LTCG - Penny Stock purchases - Overall facts on record and the nature of transaction clearly indicate that this transaction basically falls under the category of penny stock and assessee has not proved basic information why he has invested in the company which does not have any net-worth and no financial activities. - Additions confirmed - AT

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