[aaykarbhavan] Sale of shares couldn't be treated as unexplained when AO failed to prove that share transaction was bogus

Sale of shares couldn't be treated as unexplained when AO failed to prove that share transaction was bogus

February 19, 2015[2015] 54 taxmann.com 108 (Bombay)

IT : Where DMAT account and contract note showed details of share transaction, and Assessing Officer had not proved said transaction as bogus, capital gain earned on said transaction could not be treated as unaccounted income under section 68

 

Regards

Prarthana Jalan

__._,_.___

---

Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

---

receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com

Visit Your Group

• New Members 2

• Privacy • Unsubscribe • Terms of Use