2022 (7) TMI 1439 - HC - Income Tax

Bogus LTCG - Penny Stocks transactions - share transactions - Addition deleted by the CIT (Appeals) also upheld by ITAT - HELD THAT - We find that the matter is concluded by the concurrent findings of fact. No substantial question of law is involved in the impugned order of the Tribunal. Therefore, the Appeal is dismissed.

Summary

The Allahabad High Court dismissed the appeal as no substantial question of law was found in the case where the addition of Rs.8,18,256 was deleted by the CIT (Appeals) and upheld by the Income Tax Appellate Tribunal.