The assessee has failed to bring on record the details of the purchase of shares
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer ( AO ) to scrutinize the purchase of shares following the assessee’s failure to produce the required documents. The Assessee had declared its income at Rs.2, 47,370/- by filing its return of income on 31/01/2015, which was processed…
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