Individual's Suspicious Share Transactions Exposed as Income Concealment, Authorities Confirm Inflated Gains as Undisclosed Income.

Individual's Suspicious Share Transactions Exposed as Income Concealment, Authorities Confirm Inflated Gains as Undisclosed Income. https://www.taxtmi.com/highlights?id=34923 Income from share transactions - the assessee had indulged in a dubious share transaction meant to account for the undisclosed income in the garb of long term capital gain - the fantastic sale price was not at all possible as there was no economic or financial basis as to how a share worth ₹ 5/of a little known company would jump from ₹ 5/to ₹ 485/. - Additions confirmed - HC en-us Mon, 22 May 2017 08:52:24 +0530 Mon, 22 May 2017 08:52:24 +0530 TaxTMI RSS Generator Individual's Suspicious Share Transactions Exposed as Income Concealment, Authorities Confirm Inflated Gains as Undisclosed Income. https://www.taxtmi.com/highlights?id=34923 Income from share transactions - the assessee had indulged in a dubious share transaction meant to account for the undisclosed income in the garb of long term capital gain - the fantastic sale price was not at all possible as there was no economic or financial basis as to how a share worth ₹ 5/of a little known company would jump from ₹ 5/to ₹ 485/. - Additions confirmed - HC Highlights Income Tax Mon, 22 May 2017 08:52:24 +0530 https://www.taxtmi.com/highlights?id=34923