https://www.taxtmi.com/highlights?id=70100 Addition u/s 68 - proceeds from the sale of shares by treating the scrips as penny stocks - This is the case wherein the AO merely on the basis of suspicion rejected the claim of the assessee, without establishing any link between the assessee with the entry operators/exit providers, who were allegedly involved in price rigging of shares artificially of the aforesaid companies. - Additions deleted - AT en-us Fri, 02 Jun 2023 14:06:26 +0530 Fri, 02 Jun 2023 14:06:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70100 Addition u/s 68 - proceeds from the sale of shares by treating the scrips as penny stocks - This is the case wherein the AO merely on the basis of suspicion rejected the claim of the assessee, without establishing any link between the assessee with the entry operators/exit providers, who were allegedly involved in price rigging of shares artificially of the aforesaid companies. - Additions deleted - AT Highlights Income Tax Fri, 02 Jun 2023 14:06:26 +0530 https://www.taxtmi.com/highlights?id=70100