https://www.taxtmi.com/news?id=22247 Search and survey operations targeted share brokers and traders using rapid reversal trades in illiquid stock options and currency derivatives to manufacture artificial profits and losses; the probe uncovered manipulated long term capital gains in certain penny stocks, resulted in seizure of unaccounted cash, recovery of incriminating evidence, and ongoing efforts to identify beneficiaries and quantify possible direct tax contraventions. en-us Sat, 07 Dec 2019 18:56:57 +0530 Sat, 07 Dec 2019 18:56:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22247 Search and survey operations targeted share brokers and traders using rapid reversal trades in illiquid stock options and currency derivatives to manufacture artificial profits and losses; the probe uncovered manipulated long term capital gains in certain penny stocks, resulted in seizure of unaccounted cash, recovery of incriminating evidence, and ongoing efforts to identify beneficiaries and quantify possible direct tax contraventions. News - Sat, 07 Dec 2019 18:56:57 +0530 https://www.taxtmi.com/news?id=22247