Reassessment of Alleged Bogus LTCG/STCG Remitted for Source Investigation

Trishla Vyapaar Pvt Ltd Vs DCIT (ITAT Ranchi) Reassessment of alleged bogus LTCG/STCG was remitted back for investigation regarding genuineness of the source of receipt of share subscriptions or share capital/premium Conclusion: Since the order for addition of bogus LTCG/STCL was passed without making any enquiry, verification and investigation regarding genuineness of the source of receipt of share subscriptions or share capital/premium, CIT directed AO to frame the assessment de novo by making fresh enquiries regarding the genuineness of the share capital/share premium after affording proper...