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7 results for “bogus purchases”+ Penny Stockclear

Sorted by relevance

Mumbai573 Delhi129 Ahmedabad105 Kolkata91 Jaipur84 Indore47 Hyderabad33 Pune32 Chandigarh31 Guwahati29 Rajkot23 Surat23 Ranchi13 Raipur12 Lucknow12 Visakhapatnam10 Chennai10 Nagpur10 Cuttack10 Jodhpur7 Amritsar7 Bangalore7 Patna7 Varanasi5 Panaji1 Agra1 Jabalpur1

Key Topics

Section 10(38)14 Section 153A12 Addition to Income7 Section 686 Long Term Capital Gains6 Natural Justice6 Disallowance5 Section 2504 Section 147

SMT. SATYAWATI MARWAHA THROUGH LEGAL HEIR SH, CHANDER SHEIKHAR MARWAHA,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, JALANDHAR

In the result, the appeal for Asstt

ITA 347/ASR/2024[2015-16]Status: DisposedITAT Amritsar30 Oct 2025AY 2015-16

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta

For Appellant: Sh. Ashray Sarna, C. A

Section 10(38)Section 132Section 144Section 144rSection 147Section 148Section 151Section 250(6)Section 68

penny stock companies. The AO has held that initially when the prices of the share are low, the beneficiaries of bogus -LTCG purchase

4

Section 250(6)3

SMT. SATYAWATI MARWAHA THROUGH LEGAL HEIR SH. CHANDER SHEIKHAR MARWAHA,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, JALANDHAR

In the result, the appeal for Asstt

ITA 346/ASR/2024[2014-15]Status: DisposedITAT Amritsar30 Oct 2025AY 2014-15

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta

For Appellant: Sh. Ashray Sarna, C. A

Section 10(38)Section 132Section 144Section 144rSection 147Section 148Section 151Section 250(6)Section 68

penny stock companies. The AO has held that initially when the prices of the share are low, the beneficiaries of bogus -LTCG purchase

SMT. DEEPTI AGGARWAL,GURDAS PUR vs. DY COMMISSIONER OF INCOME TAX, AMRITSAR

In the result, the appeal of assessee in ITA No

ITA 34/ASR/2019[2014-15]Status: DisposedITAT Amritsar13 Sept 2023AY 2014-15

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 10(38)Section 153ASection 250

purchase for assessee's benefit. E) PENNY STOCKS: The shares in which the assessee has claimed to have made a deal, can be termed as Penny Shares in the similar lines as identified by the Investigation Wing, Kolkata, because rates of these shares are not based on business results of the companies but same are fluctuated by insider's trading

M/S RAMAN KUMAR AGGARWAL,GURDASPUR vs. DY. COMMISSIONER .OF. INCOME. TAX , AMRITSAR

In the result, the appeal of assessee in ITA No

ITA 32/ASR/2019[2014-15]Status: DisposedITAT Amritsar13 Sept 2023AY 2014-15

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 10(38)Section 153ASection 250

purchase for assessee's benefit. E) PENNY STOCKS: The shares in which the assessee has claimed to have made a deal, can be termed as Penny Shares in the similar lines as identified by the Investigation Wing, Kolkata, because rates of these shares are not based on business results of the companies but same are fluctuated by insider's trading

SH.GAURAV AGGARWAL,GURDAS PUR vs. DY.COMMISSIONER OF INCOME TAX, AMRITSAR

In the result, the appeal of assessee in ITA No

ITA 35/ASR/2019[2014-15]Status: DisposedITAT Amritsar13 Sept 2023AY 2014-15

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 10(38)Section 153ASection 250

purchase for assessee's benefit. E) PENNY STOCKS: The shares in which the assessee has claimed to have made a deal, can be termed as Penny Shares in the similar lines as identified by the Investigation Wing, Kolkata, because rates of these shares are not based on business results of the companies but same are fluctuated by insider's trading

SH. RAMAN KUMAR AGGARWAL,GURDAS PUR vs. DY. COMMISSIONER OF INCOME TAX , AMRITSAR

In the result, the appeal of assessee in ITA No

ITA 33/ASR/2019[2015-16]Status: DisposedITAT Amritsar13 Sept 2023AY 2015-16

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 10(38)Section 153ASection 250

purchase for assessee's benefit. E) PENNY STOCKS: The shares in which the assessee has claimed to have made a deal, can be termed as Penny Shares in the similar lines as identified by the Investigation Wing, Kolkata, because rates of these shares are not based on business results of the companies but same are fluctuated by insider's trading

MESERS GANESH RICE MILLS,MUKTSAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-II, BATHINDA

In the result the appeal of the assessee ITA No

ITA 287/ASR/2018[2014-15]Status: DisposedITAT Amritsar15 Feb 2023AY 2014-15

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

For Appellant: Sh. Sudhir Sehgal, A. RFor Respondent: Sh. Rohit Mehra, CIT DR

Section 133ASection 143(3)Section 250(6)

penny amount. Do you know that such transactions are illegal & even leads to prosecution? Ans: Due to financial crisis and to meet both ends. I do not know the consequences of the transactions made by the said party. Q: Have you made any purchases from M/S Ganesh Rice Mills, Mukatsar during the financial year 201314 and onwards? Ans: I have