41 results for “bogus purchases”+ Section 27clear
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Bench: THE HON'BLE THE CHIEF JUSTICE T.S SIVAGNANAM,HON'BLE JUSTICE CHAITALI CHATTERJEE (DAS)
Section 10(38) of the Act should not be allowed because share transactions were bogus as Company “C” whose shares were allegedly purchased was a penny stock. With the above reasoning, the appeal was dismissed. 8. The assessee filed appeal before the tribunal. The only argument which appears to have been made before the learned tribunal by the assessee