https://www.taxtmi.com/highlights?id=59565 Exemption u/s 10(38) - no material on record to establish the genuineness of the purchase of shares - penny stock purchases - Role of the assessee in promoting a company, the relation of the assessee with that of the promoter and the role of inflating of prices, etc. - - The issue has already been decided in favor of revenue by this HC. - Order of ITAT set aside and order of CIT(A) restored - HC en-us Tue, 07 Sep 2021 08:07:38 +0530 Tue, 07 Sep 2021 08:07:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59565 Exemption u/s 10(38) - no material on record to establish the genuineness of the purchase of shares - penny stock purchases - Role of the assessee in promoting a company, the relation of the assessee with that of the promoter and the role of inflating of prices, etc. - - The issue has already been decided in favor of revenue by this HC. - Order of ITAT set aside and order of CIT(A) restored - HC Highlights Income Tax Tue, 07 Sep 2021 08:07:38 +0530 https://www.taxtmi.com/highlights?id=59565