Addition u/s 68 - LTCG - penny stock companies - A.O. merely ...

Assessing Officer's Addition u/s 68 Overturned Due to Lack of Evidence After SEBI Interim Order Revoked.

March 14, 2020

Case Laws Income Tax AT

Addition u/s 68 - LTCG - penny stock companies - A.O. merely relied upon interim order of the SEBI to make addition against the assessee, otherwise, there were no evidence or material on record to disprove the claim of assessee. Since the interim order of the SEBI have been revoked against the assessee and M/s EBFL, therefore, nothing survives in favour of the A.O. - AT

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Addition u/s 68 - LTCG - penny stock companies - A.O. merely ...

Assessing Officer's Addition u/s 68 Overturned Due to Lack of Evidence After SEBI Interim Order Revoked.

March 14, 2020

Case Laws Income Tax AT

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