PRINCIPAL COMMISSIONER OF INCOME TAX, CENTRAL-1, KOLKATA vs. KRISHNA KUMAR PARSURAMKA
In the result, these appeals are allowed and the substantial
ITAT/130/2021HC Calcutta14 Jun 2022
Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA
penny stocks were artificially rigged to benefit of assessees through bogus
claims of LTCG. It is further stated that the report submitted by the
Directorate of Investigation mentions about the prices of shares of various
companies which includes Surabhi Chemicals and the prices were artificially
rigged to provide bogus LTCG. It is submitted that the trade pattern of the
shares