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Sale of shares of penny stock cos. at higher rate within yr held as attempt to hedge undisclosed income as LTCG: HC
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Corporate Tax
Sale of shares of penny stock cos. at higher rate within yr held as attempt to hedge undisclosed income as LTCG: HC
Posted on
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February 12, 2018
Tenet Tax Daily February 12 2018
By
tenettax-team
Corporate Tax
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No waiver of sec. 234A/B/C interest if assessee disclosed income pursuant of search: HC
Sec. 68 additions made without verification of donors of gifts was unjustified; ITAT deleted additions