6. CIT v. Jasvinder Kaur
54 Taxmann.com 10High Court2015#2028 most cited
What is 6. CIT v. Jasvinder Kaur authority for?
Long-term capital gains claimed as exempt under Section 10(38) from the sale of penny stocks can be treated as bogus income if the revenue presents incriminating material demonstrating the transactions are a colourable device for accommodation entries.
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judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2018 to 2026.
Also referred to as
CIT v. Jasvinder Kaur · Section 10(38) · Section 68 · bogus long term capital gain · penny stock · price rigging · accommodation entry · colourable device · incriminating material · assessment of capital gains
Sections most often in play
Issues it is cited on
Judgments citing 6. CIT v. Jasvinder Kaur
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