Thursday, February 19, 2015

[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


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


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