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#Bogus Capital Gain

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

281 articles
Income TaxTypo Error in Recorded Reasons Doesn’t Invalidate Reassessment on Penny Stock LTCG
Income Tax

Typo Error in Recorded Reasons Doesn’t Invalidate Reassessment on Penny Stock LTCG

CA Vijayakumar Shetty10 months ago
Income TaxPenny Stock LTCG Held Genuine – ITAT Mumbai Deletes ₹85.05 Lakh Addition
Income Tax

Penny Stock LTCG Held Genuine – ITAT Mumbai Deletes ₹85.05 Lakh Addition

CA Vijayakumar Shetty10 months ago
Income TaxITAT Deletes LTCG Addition as “Human Probability” Can’t Replace Evidence
Income Tax

ITAT Deletes LTCG Addition as “Human Probability” Can’t Replace Evidence

CA Vijayakumar Shetty10 months ago
Income TaxPenny Stock Gains Upheld as Genuine – ITAT Quashes Reopening for Lack of Fresh Material
Income Tax

Penny Stock Gains Upheld as Genuine – ITAT Quashes Reopening for Lack of Fresh Material

CA Vijayakumar Shetty10 months ago
Income TaxITAT Delhi Upholds Deletion of Bogus LTCG Addition on Share Sale
Income Tax

ITAT Delhi Upholds Deletion of Bogus LTCG Addition on Share Sale

CA Sandeep Kanoi10 months ago
Income TaxPrinciples of natural justice prevail – ITAT directs fresh hearing in penny stock commission case
Income Tax

Principles of natural justice prevail – ITAT directs fresh hearing in penny stock commission case

CA Vijayakumar Shetty11 months ago
Income TaxPenny stock theory fails again – Revenue can’t rely on generic Investigation Wing reports: ITAT Mumbai
Income Tax

Penny stock theory fails again – Revenue can’t rely on generic Investigation Wing reports: ITAT Mumbai

CA Vijayakumar Shetty11 months ago
Income TaxPenny stock addition deleted – Investigation Wing report alone not enough
Income Tax

Penny stock addition deleted – Investigation Wing report alone not enough

CA Vijayakumar Shetty11 months ago
Income TaxITAT Nagpur Deletes Unexplained Investment Addition in Penny Stock Case
Income Tax

ITAT Nagpur Deletes Unexplained Investment Addition in Penny Stock Case

CA Sandeep Kanoi11 months ago
Income TaxPenny Stock Business Loss Cannot Be Treated as Bogus LTCG/STCL: Revenue Appeal Dismissed for Low Tax Effect
Income Tax

Penny Stock Business Loss Cannot Be Treated as Bogus LTCG/STCL: Revenue Appeal Dismissed for Low Tax Effect

CA Sandeep Kanoi11 months ago
Income TaxNo Section 68 Addition as Penny Stock Transactions Did Not Yield LTCG
Income Tax

No Section 68 Addition as Penny Stock Transactions Did Not Yield LTCG

CA Sandeep Kanoi11 months ago
Income TaxLTCG from Penny Stock Found Genuine – Suspicion No Substitute for Proof: ITAT Delhi
Income Tax

LTCG from Penny Stock Found Genuine – Suspicion No Substitute for Proof: ITAT Delhi

CA Vijayakumar Shetty11 months ago
Income TaxNo Independent Verification, No Addition: ITAT Upholds Relief in Penny Stock Case
Income Tax

No Independent Verification, No Addition: ITAT Upholds Relief in Penny Stock Case

CA Vijayakumar Shetty11 months ago
Income TaxITAT Delhi Drops Suspicion based Massive ₹190 Cr Bogus Share Capital Addition
Income Tax

ITAT Delhi Drops Suspicion based Massive ₹190 Cr Bogus Share Capital Addition

CA Vijayakumar Shetty11 months ago