Penny stock cases in favour of assessee

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Web3. apr 2024 · Penny Stock News Penny stocks news is one of the top catalysts retail traders look for when identifying penny stocks to buy today. Whether it’s a headline about big … WebFavour Section No. 2024: 330 CTR 560 , 2024 ITL 16 , 221 DTR 457: BOM HC : Bombay High Court: ASIAN PAINTS LTD. v. ASSISTANT COMMISSIONER OF INCOME TAX: Assessee 147: 2024: 330 CTR 345 , 2024 ITL 17 , 221 DTR 313: CAL HC : Calcutta High Court: KAMAL NATH v. PRINCIPAL COMMISSIONER OF INCOME TAX & ORS.

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Web19. dec 2024 · Penny Stock- Delhi ITAT in favour of Assessee . December 19, 2024 0 Comments. 8,884,680 total views. 615 total views. Penny Stock- Delhi ITAT in favour of … WebTaxlok is a reliable source for all types of latest Income Tax, GST & Company Law Related Information, Magazines and Apps, providing Solution to all CA, CS, CMA, Advocate, MBA & Taxpayers. Our products are trusted by hundreds of CAs and corporations for filing taxes and TDS. We have Hindi and English Magazines and Apps on Android and Iphone for … compact parking width

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Web17. mar 2024 · The claim of exemption of long-term capital gains on sale of penny stocks under section 10 (38) of the Act, is one of the most common and regular scrutiny criteria … Web13. dec 2024 · Gist of Penny stock judgement in favor of Assessee There are plenty of decision in favor of Assessee on penny stock matter. Few of them are as under: i. Mumbai … WebIn the case of CIT vs. Fair Finvest Ltd., ITA No. 232/2012 decided by the Delhi High Court on 22nd November, 2012 it has been held that where the assessee adduced evidences in support of the share application money the AO is supposed to examine the same and reject these evidences on tenable ground. compact panasonic microwave

Penalty under s. 270A and Immunity from penalty under s. 270AA

ASSESSMENT RE-ASSESSMENT PENNY STOCK ISSUES - Lunawat

WebThe Act considers (assumes) that in cases of mis-reporting, an assessee commits an offence which is greater than in case of under-reporting. But it does not explain the reasons for such differential treatment and fails to classify the cases between under-reporting and mis-reporting intelligently. Jagdish T Punjabi April 29, 2024 WebModes of purchase of penny stocks and other related aspects 1) Purchase on the stock exchanges 2) Off-market purchase 3) Purchase through preferential allotment Lock in period of 1 year as per Securities and Exchange Board of India (Issue of Capital and … eat in glasgowWeb16. mar 2024 · The AO had held that the sale transaction was a penny stock transaction undertaken by the Assessee in a pre-arranged manner to evade taxes. The AO had concluded that the sale consideration was not in the nature of capital gain and that it represented unexplained income invested by the Assessee. compact package substation

"Web1. mar 2024 · The assessee challenged additions made towards LTCG derived from sale of shares on the ground that although the AO has alleged that the assessee is beneficiary of … " - Penny stock cases in favour of assessee

Penny stock cases in favour of assessee

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Web13. aug 2013 · The defendants allegedly promoted worthless stocks to unsuspecting investors. Aug. 13, 2013 -- Nine people have been charged in one of the largest international penny stock frauds ever, federal ... Webdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAKAAAAB4CAYAAAB1ovlvAAAAAXNSR0IArs4c6QAAAw5JREFUeF7t181pWwEUhNFnF+MK1IjXrsJtWVu7HbsNa6VAICGb/EwYPCCOtrrci8774KG76 ...

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WebTax Management India. Com Law and Practice : Digital eBook Research is most exciting & rewarding Web11. jan 2024 · – section 10(38) & 68 – penny stock – addition on account of profit arising from sale of shares, alleged as penny stock cannot be made under section 68 – sufficient …

Web2.3 Thus the claim of the assessee company that Cash declared by Garg Logistics was utilized to make investment in assessee company through paper companies remains unexplained. Besides, in the case of Trinetra Commerce & Trade(P) Ltd in [2016]75 taxmann.com 70(Calcutta) it was seen that assessee- Web2. aug 2024 · Recent Delhi Tribunal ruling in case of NDTV [TS-283-ITAT-2024(DEL)] is worth a mention here which upheld Sec. 69A addition of Rs. 642.54 crore ($150 millions) on …

WebTrend: In favour of - Assessee or Revenue. In whose favour are the judgments passed. Percentage: 'in favour of' from the entire dataset. In whose favour are the judgments . Court wise: Number of judgments passed over the years. Supreme Court, High Court and the Tribunal - over the last 5 years. Web15. dec 2024 · Case law on penny stocks in favour of assessee Nov 30, 2024; Applicable GST Rates & Exemptions on Certain Services Oct 15, 2024; Tax Benefits Due to Life Insurance Policy, Health Insurance Policy and Expenditure on Medical Treatment Aug 27, 2024; Changes in GST rates w.e.f. 18.07.2024 Jul 21, 2024

Web18. jún 2024 · The case is related to bogus claims of long-term capital gains (LTCG) using penny stocks. The HC also relied on a detailed report prepared by Dhruv P Singh, an …

Web12. apr 2024 · On PennyStocks.com you will find a comprehensive list of Penny Stocks & discover the best Penny Stocks to buy, top penny stock news and micro-cap stock … compact pant trolleyWebThe assessee-company is engaged in the business of stock broking. During the course of assessment proceedings, the Assessing officer noticed that the assessee has claimed a sum of Rs.29,57,136/-, being expenses relating to Initial Public Offer, as revenue expenditure. eating last mealsWeb1. feb 2024 · For almost three months, Income Tax Appellate Tribunals (ITATs) have refrained from taking up matters related to penny stocks, which stem from the I-T department’s allegations that assessees have evaded tax by trading in listed stocks whose prices were heavily manipulated while respective counterparties used the deals to convert … compact oxford italian dictionaryWeb10. apr 2024 · The case of the revenue is that the matters which are subject matter of the appeal are popularly known as ‘Penny Stock Cases’ and the Tribunal has granted certain … eating late and acid refluxWeb19. dec 2024 · Penny Stock- Delhi ITAT in favour of Assessee Download eating las vegas john curtisWeb17. apr 2024 · 2. The sole/main grievance of the assessee is against the action of the Ld. CIT (A) confirming the order of the AO making the addition on account of Long Term Capital … eating late and sleephttp://lunawat.com/Uploaded_Files/Presentation/Reassessment&PennyStock-EastDelhi.pdf eating las americas