{"id":1963,"date":"2018-08-07T12:52:28","date_gmt":"2018-08-07T12:52:28","guid":{"rendered":"http:\/\/itatonline.org\/digest\/navneet-agarwal-v-itokoltrib-www-itatonline-org\/"},"modified":"2018-08-07T12:52:28","modified_gmt":"2018-08-07T12:52:28","slug":"navneet-agarwal-v-itokoltrib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/navneet-agarwal-v-itokoltrib-www-itatonline-org\/","title":{"rendered":"Navneet Agarwal v. ITO(Kol)(Trib), www.itatonline.org"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that, In order to treat the capital gains from penny stocks as bogus, the Dept has to show that there is a scam and that the assessee is part of the scam. The chain of events and the live link of the assesee&#8217;s action giving her involvement in the scam should be established. The Dept cannot rely on alleged modus operandi &amp; human behavior and disregard the evidence produced by the assessee. <b>\u00a0<\/b>In the result, the appeal of the assessee is allowed.( I.T.A No. 2281\/Kol\/2017, dt. 20.07.2018)(AY. 2014-15)<\/p>\n<p><strong>[Click here to download PDF file]\u00a0<a href=\"http:\/\/itatonline.org\/archives\/wp-content\/uploads\/Navneet-Agarwal-Bogus-Penny-Stocks-Capital-Gains.pdf\">http:\/\/itatonline.org\/archives\/wp-content\/uploads\/Navneet-Agarwal-Bogus-Penny-Stocks-Capital-Gains.pdf<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45: capital gains- Bogus capital gains from penny stocks-In order to treat the capital gains from penny stocks as bogus, the Dept has to show that there is a scam and that the assessee is part of the scam. The chain of events and the live link of the assesee&#8217;s action giving her involvement in the scam should be established. The Dept cannot rely on alleged modus operandi &#038; human behavior and disregard the evidence produced by the assessee.[ S.48 ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1963","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-vF","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=1963"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1963\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}