ANJU JHUNJHUNWALA,VARANASI vs. PCIT, VARANASI

In the result, appeal of the assessee is allowed

penny stock company. Once there is no infirmity found in the listing or trading of the shares of Kailash Auto Finance Ltd or for the rigging of the prices, then how the ld. PCIT can say that the prices of the Kailash Auto Finance Ltd were manipulated in the stock exchange for providing accommodation entry. If the shares were held

SARVESH KUMAR AGARWAL HUF,VARANASI vs. PCIT,, VARANASI

In the result, appeal of the assessee is allowed