Bogus share transactions - Reliance on the statement of ...

Case Laws Income Tax

January 27, 2024

Bogus share transactions - Reliance on the statement of broker/entry operator - the denial of opportunity for cross-examination by the Assessing Officer was a failure of the principles of natural justice and thus the evidence used against the assessee was discarded. The Tribunal also recognized the assessee's documentation supporting the transactions, including ledger accounts, purchase and sale bills, and bank statements. - AT

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Bogus share transactions - Reliance on the statement of ...

Case Laws Income Tax

January 27, 2024

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