Exemption u/s 10(38) - bogus LTCG on purchase and sale of shares ...

Case Laws Income Tax

October 31, 2023

Exemption u/s 10(38) - bogus LTCG on purchase and sale of shares - disallowance brokerage expense - penny stock transaction - ssessee has successfully proved the genuineness of the transaction of purchase and sale as well as holding of the shares - addition made by the AO on account of long term capital gain claimed as exempt u/s 10(38) of the Act and consequently, the disallowance of brokerage expenses is deleted - AT

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Exemption u/s 10(38) - bogus LTCG on purchase and sale of shares ...

Case Laws Income Tax

October 31, 2023

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