Revision u/s 263 by CIT - bogus capital gains from the penny ...

Case Laws Income Tax

September 17, 2022

Revision u/s 263 by CIT - bogus capital gains from the penny stock script - AO should have made enquiry into the genuineness of the claim of exemption of capital gains in respect of purchase and sale of penny stock script of M/s. S.V. Electricals Ltd. in the light of the information received by him from the Investigation Wing of the Department, even if the information is received subsequent to original assessment order - revision order sustained - AT

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Revision u/s 263 by CIT - bogus capital gains from the penny ...

Case Laws Income Tax

September 17, 2022

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