The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the allegation of money laundering cannot be proved by merely producing the evidence of purchase and sale of shares. The appellant, Ramprasad Agarwal, a Mumbai resident, who bought shares of Rutron International in 2014 and held them for more than a […]
The post Money Laundering can’t be alleged by Mere Producing of Evidence of Share Transactions: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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