Wednesday, March 11, 2020

Kolkata Penny Stock Scam: ITAT upholds Addition against Investor [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal (ITAT) has upheld an addition of long-term capital gain against an investor who invested in a penny stock company in connection with the penny stock scam involving Rs. 36,000 Crores. In the year 2016, the income tax department had unearthed a trail of Rs. 38,000 crore […]

The post Kolkata Penny Stock Scam: ITAT upholds Addition against Investor [Read Order] appeared first on Taxscan | Simplifying Tax Laws.



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