Irregularities Committed by Share Broker can’t be a Ground to suspect the Genuineness of Share Transaction: ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that the irregularities committed by Share Broker cannot be a ground to suspect the genuineness of the purchase and sale of shares. While completing assessment proceedings against the assessee, the AO noticed that the assessee had sold scrips of Kotak Mahindra, NIIT […]

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