https://www.taxtmi.com/caselaws?id=456147 The HC dismissed the Revenue's appeal challenging the ITAT order for AY 2011-12, which involved the deletion of an addition related to a bogus loss in penny stock transactions. The CIT(A) and ITAT found the transactions genuine, supported by contract notes and banking channels. The HC upheld these concurrent factual findings, determining no substantial question of law arose, and dismissed the appeal without costs. en-us Mon, 28 Aug 2023 00:00:00 +0530 Fri, 05 Jul 2024 09:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456147 The HC dismissed the Revenue's appeal challenging the ITAT order for AY 2011-12, which involved the deletion of an addition related to a bogus loss in penny stock transactions. The CIT(A) and ITAT found the transactions genuine, supported by contract notes and banking channels. The HC upheld these concurrent factual findings, determining no substantial question of law arose, and dismissed the appeal without costs. Case-Laws Income Tax Mon, 28 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456147