https://www.taxtmi.com/highlights?id=66453 Trading in shares - allegation of transactions in penny stock scrip - unexplained income - Assessee has not paid the purchase cost nor received the entire sale consideration rather received the gain of Rs.1,655/- which cannot be considered as accommodation entry of gain of penny stock transaction. Therefore, direct the Assessing Officer to delete the entire addition. - AT en-us Wed, 09 Nov 2022 12:27:34 +0530 Wed, 09 Nov 2022 12:27:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66453 Trading in shares - allegation of transactions in penny stock scrip - unexplained income - Assessee has not paid the purchase cost nor received the entire sale consideration rather received the gain of Rs.1,655/- which cannot be considered as accommodation entry of gain of penny stock transaction. Therefore, direct the Assessing Officer to delete the entire addition. - AT Highlights Income Tax Wed, 09 Nov 2022 12:27:34 +0530 https://www.taxtmi.com/highlights?id=66453