Assessee Clears Section 68 Burden of Proof for Penny Stock Gains, No Extra Tax Liability Imposed.

Assessee Clears Section 68 Burden of Proof for Penny Stock Gains, No Extra Tax Liability Imposed. https://www.taxtmi.com/highlights?id=48530 Addition u/s 68 - LTCG on sale of penny stock - considering the vortex of evidences, the assessee has successfully discharged the onus cast upon him by provisions of section 68 - discharge of onus u/s 68 is purely a question of fact and therefore the judicial decisions relied upon by the DR would do no good on the peculiar plethora of evidences in respect of the facts of the case in hand - no addition en-us Fri, 09 Aug 2019 07:19:06 +0530 Fri, 09 Aug 2019 07:19:06 +0530 TaxTMI RSS Generator Assessee Clears Section 68 Burden of Proof for Penny Stock Gains, No Extra Tax Liability Imposed. https://www.taxtmi.com/highlights?id=48530 Addition u/s 68 - LTCG on sale of penny stock - considering the vortex of evidences, the assessee has successfully discharged the onus cast upon him by provisions of section 68 - discharge of onus u/s 68 is purely a question of fact and therefore the judicial decisions relied upon by the DR would do no good on the peculiar plethora of evidences in respect of the facts of the case in hand - no addition Highlights Income Tax Fri, 09 Aug 2019 07:19:06 +0530 https://www.taxtmi.com/highlights?id=48530