The Pr. Commissioner of income Tax-4 vs. M/s. Pavani Structurals Pvt. Ltd.
Accordingly, the appeal fails and is dismissed
ITTA/96/2025HC Telangana16 Jul 2025
Bench: :
Section 260A
penny stocks and that the assessee, who was
specialized in dealing in shares, would have no justifiable reason to deal
in such scrips taken cumulatively lead to the inescapable conclusion
that the transaction of purchase of the said scrip by the assessee was
managed and fabricated to claim bogus
