Bogus LTCG Addition not sustainable if AO fails to disprove claim of Assessee

 

Bogus LTCG Addition not sustainable if AO fails to disprove claim of Assessee

6,14,000/- on sale of shares of penny stock company M/s. Jackson Investment Limited which is considered as unexplained cash credit. Addition of Rs.6,14,000/- was accordingly made. The A.O. also noted …

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