15 results for “disallowance”+ Section 156clear
Sorted by relevance
Key Topics
In the result, the appeal for Asstt
Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta
156 taxmann.com 605 (Bombay) the Hon’ble HIGH COURT OF BOMBAY held as under- “section 68, read with section 10(38), of the Income-tax Act, 1961 - Cash credit (Share transactions) - Assessment year 2005-06 - Assessee had claimed sale proceeds of shares as long-term capital gain (LTCG) exemption - However, Assessing Officer held that scrip was a penny Sock