https://www.taxtmi.com/caselaws?id=763057 ITAT Delhi disposed of the appeal ex-parte after the assessee failed to appear despite notices. The tribunal classified this as a classic penny stock transaction case involving bogus LTCG. Finding that CIT(A) had passed a well-reasoned order addressing all assessee arguments, ITAT affirmed the CIT(A)'s decision and rejected all grounds raised by the assessee. The appeal was dismissed upholding the lower authority's findings on the penny stock transactions. en-us Thu, 05 Dec 2024 00:00:00 +0530 Thu, 12 Dec 2024 08:55:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763057 ITAT Delhi disposed of the appeal ex-parte after the assessee failed to appear despite notices. The tribunal classified this as a classic penny stock transaction case involving bogus LTCG. Finding that CIT(A) had passed a well-reasoned order addressing all assessee arguments, ITAT affirmed the CIT(A)'s decision and rejected all grounds raised by the assessee. The appeal was dismissed upholding the lower authority's findings on the penny stock transactions. Case-Laws Income Tax Thu, 05 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763057