Penny stock transactions: uploaded investigation data must inform assessments and consideration of reopening of assessments under tax rules. Investigation data on manipulated penny stock transactions, including a Kolkata report, has been uploaded to the Individual Transaction Screen via a new 'Penny Stock' button; Assessing Officers and their supervisors must access and consider this information when finalizing assessments and when considering reopening of assessments, with technical support contact provided for access issues.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Penny stock transactions: uploaded investigation data must inform assessments and consideration of reopening of assessments under tax rules.
Investigation data on manipulated penny stock transactions, including a Kolkata report, has been uploaded to the Individual Transaction Screen via a new 'Penny Stock' button; Assessing Officers and their supervisors must access and consider this information when finalizing assessments and when considering reopening of assessments, with technical support contact provided for access issues.
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