Capital Gains from Penny Stocks can’t be treated as Bogus if Revenue does not prove that there is a Scam: ITAT [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of Navneet Agarwal v. ITO holding in favour of the assessee adjudicated that her involvement in the scam should be established and not be based on mere suspicion or preponderance of probabilities. The assessee in the present case had claimed […]

The post Capital Gains from Penny Stocks can’t be treated as Bogus if Revenue does not prove that there is a Scam: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

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