https://www.taxtmi.com/highlights?id=63614 Addition u/s 68 - Penny stock purchases - addition on account of Long Term Capital Gains (LTCG) which the assessee derived from sale of scrip - exemption u/s 10(38) denied - there is nothing against the assessee and no inquiry whatsoever has been done by the AO or the Ld CIT (A) - both the lower authorities were not justified in not allowing the appellant’s claim for exemption u/s 10(38) in respect of the profit derived by the appellant - AT en-us Sat, 21 May 2022 09:40:06 +0530 Sat, 21 May 2022 09:40:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63614 Addition u/s 68 - Penny stock purchases - addition on account of Long Term Capital Gains (LTCG) which the assessee derived from sale of scrip - exemption u/s 10(38) denied - there is nothing against the assessee and no inquiry whatsoever has been done by the AO or the Ld CIT (A) - both the lower authorities were not justified in not allowing the appellant’s claim for exemption u/s 10(38) in respect of the profit derived by the appellant - AT Highlights Income Tax Sat, 21 May 2022 09:40:06 +0530 https://www.taxtmi.com/highlights?id=63614