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#Bogus Capital Gain

Every article filed under the “Bogus Capital Gain” tag — analysis, news and updates.

291 articles
Income TaxITAT deletes ₹48.48 Lakh Penny Stock Investment Addition for lack of evidence
Income Tax

ITAT deletes ₹48.48 Lakh Penny Stock Investment Addition for lack of evidence

CA Sandeep Kanoi2 years ago
Income TaxCalcutta HC allows LTCG exemption on share of Wagend Infra Venture Limited
Income Tax

Calcutta HC allows LTCG exemption on share of Wagend Infra Venture Limited

CA Sandeep Kanoi2 years ago
Income TaxReassessment of Alleged Bogus LTCG/STCG Remitted for Source Investigation
Income Tax

Reassessment of Alleged Bogus LTCG/STCG Remitted for Source Investigation

RATHI2 years ago
Income TaxNo section 68 addition merely for trading in penny stock: ITAT Mumbai
Income Tax

No section 68 addition merely for trading in penny stock: ITAT Mumbai

Ritik Kaskar2 years ago
Income TaxLTCG on Penny Stocks: Report Not Before AO Can’t Make Order Prejudicial to Revenue
Income Tax

LTCG on Penny Stocks: Report Not Before AO Can’t Make Order Prejudicial to Revenue

CA Sandeep Kanoi2 years ago
Income TaxLTCG on sale of shares: Addition based on mere generalized reports & conjectures not sustainable
Income Tax

LTCG on sale of shares: Addition based on mere generalized reports & conjectures not sustainable

CA Sandeep Kanoi2 years ago
Income TaxITAT Allows LTCG Exemption on Shares due to Overreliance on Investigation Report, Absence of Enquiry & Genuineness of Transactions
Income Tax

ITAT Allows LTCG Exemption on Shares due to Overreliance on Investigation Report, Absence of Enquiry & Genuineness of Transactions

CA Sandeep Kanoi2 years ago
Income TaxHC Upholds Tribunal’s Decision: Insufficient Evidence to prove Share Transactions as Bogus
Income Tax

HC Upholds Tribunal’s Decision: Insufficient Evidence to prove Share Transactions as Bogus

CA Sandeep Kanoi2 years ago
Income TaxLTCG exemption cannot be denied for mere suspicion without concrete evidence
Income Tax

LTCG exemption cannot be denied for mere suspicion without concrete evidence

CA Sandeep Kanoi2 years ago
Income TaxITAT Restores LTCG Addition from Penny Stock to CIT(A) for Reevaluation
Income Tax

ITAT Restores LTCG Addition from Penny Stock to CIT(A) for Reevaluation

CA Sandeep Kanoi2 years ago
Income TaxNo Addition for Off-Market Penny Stocks if Purchase is Justified & Proper Documentation is Provided
Income Tax

No Addition for Off-Market Penny Stocks if Purchase is Justified & Proper Documentation is Provided

CA Sandeep Kanoi2 years ago
Income TaxShares Sale/Purchase Not a Colourable Transaction Based on Mere Suspicion
Income Tax

Shares Sale/Purchase Not a Colourable Transaction Based on Mere Suspicion

CA Sandeep Kanoi2 years ago
Income TaxLoss of penny stock: Section 263 revision not valid if twin conditions not fulfilled
Income Tax

Loss of penny stock: Section 263 revision not valid if twin conditions not fulfilled

CA Sandeep Kanoi2 years ago
Income TaxAlleged Bogus LTCG: AO’s Non-Addition Not Automatically makes order Erroneous
Income Tax

Alleged Bogus LTCG: AO’s Non-Addition Not Automatically makes order Erroneous

CA Sandeep Kanoi2 years ago