Assessing Officer Ordered to Delete Addition Due to Unexplained Income from Penny Stock Transactions; Gain of Rs. 1,655 Not Accommodation Entry.

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....Trading in shares - allegation of transactions in penny stock scrip - unexplained income - Assessee has not paid the purchase cost nor received the entire sale consideration rather received the gain of Rs.1,655/- which cannot be considered as accommodation entry of gain of penny stock transaction. Therefore, direct the Assessing Officer to delete the entire addition. - AT....