https://www.taxtmi.com/highlights?id=48998 Bogus LTCG - exemption u/s 10(38) - penny stock transactions - when as per the AO’s own observation the source as well as source of source for receipt of sale consideration were found through proper banking channel then the so-called evidences in the form of cash trail of transactions did not conclusively prove that the proceeds realized from sale of shares could be considered as appellant’s undisclosed income - exemption allowable en-us Fri, 30 Aug 2019 08:38:10 +0530 Fri, 30 Aug 2019 08:38:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48998 Bogus LTCG - exemption u/s 10(38) - penny stock transactions - when as per the AO’s own observation the source as well as source of source for receipt of sale consideration were found through proper banking channel then the so-called evidences in the form of cash trail of transactions did not conclusively prove that the proceeds realized from sale of shares could be considered as appellant’s undisclosed income - exemption allowable Highlights Income Tax Fri, 30 Aug 2019 08:38:10 +0530 https://www.taxtmi.com/highlights?id=48998