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#Bogus Capital Gain

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

281 articles
Income TaxITAT Allows Penny Stock LTCG Claim for Failure to Disprove Documentary Evidence
Income Tax

ITAT Allows Penny Stock LTCG Claim for Failure to Disprove Documentary Evidence

CA Sandeep Kanoi5 months ago
Income TaxLTCG Addition Deleted as AO Failed to Prove Share Transactions Bogus Under Section 68
Income Tax

LTCG Addition Deleted as AO Failed to Prove Share Transactions Bogus Under Section 68

CA Sandeep Kanoi6 months ago
Income TaxLTCG Addition Deleted as AO Relied Solely on Investigation Report Without Independent Inquiry
Income Tax

LTCG Addition Deleted as AO Relied Solely on Investigation Report Without Independent Inquiry

CA Sandeep Kanoi6 months ago
Income TaxITAT Deletes Section 68 Addition as AO Relied Solely on Generalized Penny Stock Report
Income Tax

ITAT Deletes Section 68 Addition as AO Relied Solely on Generalized Penny Stock Report

CA Sandeep Kanoi6 months ago
Income TaxITAT Mumbai Deletes LTCG Addition as No Evidence Linked Assessee to Penny Stock Rigging
Income Tax

ITAT Mumbai Deletes LTCG Addition as No Evidence Linked Assessee to Penny Stock Rigging

CA Sandeep Kanoi6 months ago
Income TaxNo Section 263 Action on Debatable Penny Stock LTCG After Full AO Probe: ITAT Mumbai
Income Tax

No Section 263 Action on Debatable Penny Stock LTCG After Full AO Probe: ITAT Mumbai

CA Vijayakumar Shetty7 months ago
Income TaxPenny Stock LTCG Held Genuine Despite Investigation Reports: ITAT Mumbai
Income Tax

Penny Stock LTCG Held Genuine Despite Investigation Reports: ITAT Mumbai

CA Vijayakumar Shetty7 months ago
Income Tax154-Day Delay: SC Dismisses Revenue Plea in Penny Stock Addition Case
Income Tax

154-Day Delay: SC Dismisses Revenue Plea in Penny Stock Addition Case

CA Sandeep Kanoi7 months ago
Income TaxGujarat HC Deleted Penny Stock Addition Due to Lack of Adverse Evidence
Income Tax

Gujarat HC Deleted Penny Stock Addition Due to Lack of Adverse Evidence

CA Sandeep Kanoi7 months ago
Income TaxReassessment Quashed for Lack of Assessee-Specific Evidence in Penny Stock Case
Income Tax

Reassessment Quashed for Lack of Assessee-Specific Evidence in Penny Stock Case

CA Sandeep Kanoi7 months ago
Income TaxITAT Mumbai deleted Bogus LTCG additions for Lack of Direct Evidence
Income Tax

ITAT Mumbai deleted Bogus LTCG additions for Lack of Direct Evidence

CA Vijayakumar Shetty7 months ago
Income TaxAddition Deleted Because Suspicion Cannot Substitute Proof in Penny-Stock Cases: ITAT Mumbai
Income Tax

Addition Deleted Because Suspicion Cannot Substitute Proof in Penny-Stock Cases: ITAT Mumbai

CA Sayyad Sadak8 months ago
Income TaxSection 263 Revision Quashed as Penny Stock LTCG Was Examined & AO Took Plausible View
Income Tax

Section 263 Revision Quashed as Penny Stock LTCG Was Examined & AO Took Plausible View

CA Sandeep Kanoi8 months ago
Income TaxPenny-Stock Reassessments Upheld, But Ex-Parte Orders Set Aside
Income Tax

Penny-Stock Reassessments Upheld, But Ex-Parte Orders Set Aside

CA Vijayakumar Shetty8 months ago