https://www.taxtmi.com/highlights?id=56728 Addition u/s 68 - suspicious sale transaction in shares (penny scrip) - bogus LTCG - The assessee merely acted on the basis of such market information and happened to get phenomenal gain. It could have been otherwise as well. The rags to riches story in the stock market are galore. - In the absence of any link between the assessee and the alleged admissions of the directors and brokers, human probability is being used as a vague and convenient medium for the department’s conjectures - AT en-us Sat, 13 Feb 2021 21:07:13 +0530 Sat, 13 Feb 2021 21:07:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56728 Addition u/s 68 - suspicious sale transaction in shares (penny scrip) - bogus LTCG - The assessee merely acted on the basis of such market information and happened to get phenomenal gain. It could have been otherwise as well. The rags to riches story in the stock market are galore. - In the absence of any link between the assessee and the alleged admissions of the directors and brokers, human probability is being used as a vague and convenient medium for the department’s conjectures - AT Highlights Income Tax Sat, 13 Feb 2021 21:07:13 +0530 https://www.taxtmi.com/highlights?id=56728