BIJOY KUMAR AGARWAL,RANCHI vs. ACIT/DCIT CENTRAL CIRCLE-1, RANCHI

In the result, the appeal of the assessee is allowed

Bench: Shri Sonjoy Sarmaandshri Ratnesh Nandan Sahay, Accountantmember

section 133(6) were issued to Bombay Stock Exchange, National Stock Exchange, Concerned brokers. Despite the above, the AO treated the LTCG of ₹30,55,833 as bogus, holding that the transaction was part of a pre-arranged penny stock scheme, and added the same to the total income. 2. Aggrieved by the order of the Assessing Officer, assessee preferred