https://www.taxtmi.com/highlights?id=44862 Bogus LTCG - penny stock - addition u/s 68 - The AO failed to bring on board any material to suggest that the assessee had made cash payment to the purchaser of share from electronic platform of BSE under the strict watch of SEBI. In the absence of evidence/material only discussing modus operandi floted by Investigation could not entitled the claim of assessee of LTCG on sale of shares as bogus. en-us Mon, 04 Mar 2019 08:11:15 +0530 Mon, 04 Mar 2019 08:11:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=44862 Bogus LTCG - penny stock - addition u/s 68 - The AO failed to bring on board any material to suggest that the assessee had made cash payment to the purchaser of share from electronic platform of BSE under the strict watch of SEBI. In the absence of evidence/material only discussing modus operandi floted by Investigation could not entitled the claim of assessee of LTCG on sale of shares as bogus. Highlights Income Tax Mon, 04 Mar 2019 08:11:15 +0530 https://www.taxtmi.com/highlights?id=44862