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This section is now closed. Please ask your questions at our new Q&A section
Query asked by ABC on April 14, 2020

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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