Search: bogus purchases

3 results for “bogus purchases”+ Section 111Aclear

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Capital Gains3 Long Term Capital Gains3 Short Term Capital Gains3 Penny Stock3

DCIT, CIRCLE-2, NAGPUR, NAGPUR vs. NARESH LAXMINARAYAN GROVER, NAGPUR

In the result, all these three appeals for the A

ITA 524/NAG/2024[2014-15]Status: DisposedITAT Nagpur21 Mar 2025AY 2014-15

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Shri Aryan GroverFor Respondent: Shri Sandipkumar Salunke

purchased shares at minimal price and then there is sudden rise in the price of the penny scrip which is not in ordinary course and during the price at peak, the investors has sold their investment thereby earning Long Term Capital Gains. Further, after such sell when prices of the penny stock starts to fall, the investors invested during

DCIT, CIRCLE-2, NAGPUR, NAGPUR vs. NARESH LAXMINARAYAN GROVER, NAGPUR

In the result, all these three appeals for the A

ITA 525/NAG/2024[2015-16]Status: DisposedITAT Nagpur21 Mar 2025AY 2015-16

Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member