https://www.taxtmi.com/highlights?id=66576 Revision u/s 263 by CIT - Bogus LTCG - Penny stock purchases - He merely makes general reference to the investigation report of the Department stating to have contained information regarding these shares. With the assessee having sufficiently demonstrated genuineness of the transaction of trading in shares of VIL and also that it was not a mere penny stock traded in - There is no error in AO accepting the assessee’s claim of the transactions being genuine - AT en-us Wed, 16 Nov 2022 14:49:00 +0530 Wed, 16 Nov 2022 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66576 Revision u/s 263 by CIT - Bogus LTCG - Penny stock purchases - He merely makes general reference to the investigation report of the Department stating to have contained information regarding these shares. With the assessee having sufficiently demonstrated genuineness of the transaction of trading in shares of VIL and also that it was not a mere penny stock traded in - There is no error in AO accepting the assessee’s claim of the transactions being genuine - AT Highlights Income Tax Wed, 16 Nov 2022 14:49:00 +0530 https://www.taxtmi.com/highlights?id=66576