Tax Exemption Denied: Artificially Inflated Share Prices Lead to Rejection of Section 10(38) Claim for LTCG. https://www.taxtmi.com/highlights?id=52882 Bogus LTCG - Long Term Capital Gain on sale of listed equity share exempt u/s 10(38) - Company has a meager turnover and minuscule profit. The regulators conducted the enquiry and found that the price of this company has been rigged. - The statement of the assessee itself did not give any credence to the mere documentary evidences produced by. - Additions confirmed - AT en-us Fri, 10 Apr 2020 13:10:28 +0530 Fri, 10 Apr 2020 13:10:28 +0530 TaxTMI RSS Generator Tax Exemption Denied: Artificially Inflated Share Prices Lead to Rejection of Section 10(38) Claim for LTCG. https://www.taxtmi.com/highlights?id=52882 Bogus LTCG - Long Term Capital Gain on sale of listed equity share exempt u/s 10(38) - Company has a meager turnover and minuscule profit. The regulators conducted the enquiry and found that the price of this company has been rigged. - The statement of the assessee itself did not give any credence to the mere documentary evidences produced by. - Additions confirmed - AT Highlights Income Tax Fri, 10 Apr 2020 13:10:28 +0530 https://www.taxtmi.com/highlights?id=52882