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Income Tax - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

Bogus LTCG - Penny stock transaction - denying exemption u/s. ...


Denial of Tax Exemption for Penny Stock Transaction u/s 10(38) Deemed Bogus and Unlawful.

September 26, 2019

Case Laws     Income Tax     AT

Bogus LTCG - Penny stock transaction - denying exemption u/s. 10(38) - This is a classic case of penny stock transaction. Such conversion of unaccounted money through dubious method is not permitted.

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