Assessee Cleared of Misconduct Allegations in Penny Stock LTCG Case; No Specific Findings in Report.

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....Bogus LTCG - penny stock - The transactions were all through account payee cheques and reflected in the books of accounts. - In absence of any finding specifically against the assessee in the investigation wing report, the assessee cannot be held to be guilty or linked to the wrong acts of the persons investigated.....