SURESH CHANDRA SADH,NEW DELHI vs. CIRCLE 4(1)(1),, ALIGARH

In the result, the appeal of the assessee is partly allowed

Bench: Shri Sunil Kumar Singh & Shri Brajesh Kumar Singh[Assessment Year: 2016-17]

penny stock and claiming exempt long term capital gain the assessee has introduced unaccounted money. Thereafter, the Assessing Officer noted that shares which were sold were originally purchased @Rs.1.25 per share on 19.02.2014 when the share price of M/s Yamini Investments Company Ltd. was Rs.35 in which M/s FIDELO Power and Infrastructure Limited (hereinafter referred as FPIL) got merged with