Re: Penny Shares
Resp sir
all cases of penny shares be liable full tax as per AO. Why any concession even if allowed by CIT(A) /Tribunal if Department appeal is pending; since all penny cases are bogus known to all-even limit of withdrawal of appeal not apply by CBDT circulars
The idea of concession to departmental appeal is a policy decision. It is for the legislature to frame the policy .
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