https://www.taxtmi.com/highlights?id=46942 Addition u/s 68 - Bogus LTCG - penny stock purchases - list of beneficiaries submitted by the brokers/entry providers before the investigation wing substantiates that the assessee is one of the beneficiary - AO explained the entire working of the flow of conversion of black money into white using LTCG tax exemption in a circular pattern and back to him - exempt u/s 10(38) denied and entire sale consideration is taxable u/s 68 en-us Tue, 04 Jun 2019 08:25:47 +0530 Tue, 04 Jun 2019 08:25:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=46942 Addition u/s 68 - Bogus LTCG - penny stock purchases - list of beneficiaries submitted by the brokers/entry providers before the investigation wing substantiates that the assessee is one of the beneficiary - AO explained the entire working of the flow of conversion of black money into white using LTCG tax exemption in a circular pattern and back to him - exempt u/s 10(38) denied and entire sale consideration is taxable u/s 68 Highlights Income Tax Tue, 04 Jun 2019 08:25:47 +0530 https://www.taxtmi.com/highlights?id=46942