https://www.taxtmi.com/caselaws?id=440372 The tribunal upheld the additions made by the Assessing Officer and Commissioner of Income-Tax (Appeals), dismissing the appeal in its entirety. The disputed capital gain and brokerage cost were deemed non-genuine due to suspicious transactions involving penny stocks. The tribunal relied on precedents and affirmed the revenue authorities' decisions, emphasizing the lack of credibility in the transactions. Consequently, the appeal was dismissed on 01.12.2022. en-us Thu, 01 Dec 2022 00:00:00 +0530 Mon, 17 Jul 2023 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440372 The tribunal upheld the additions made by the Assessing Officer and Commissioner of Income-Tax (Appeals), dismissing the appeal in its entirety. The disputed capital gain and brokerage cost were deemed non-genuine due to suspicious transactions involving penny stocks. The tribunal relied on precedents and affirmed the revenue authorities' decisions, emphasizing the lack of credibility in the transactions. Consequently, the appeal was dismissed on 01.12.2022. Case-Laws Income Tax Thu, 01 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440372