{"id":316,"date":"2018-04-29T14:21:53","date_gmt":"2018-04-29T14:21:53","guid":{"rendered":"http:\/\/itatonline.org\/digest\/meenu-goel-v-ito-smc-delhitrib-www-itatonline-org\/"},"modified":"2018-04-29T14:21:53","modified_gmt":"2018-04-29T14:21:53","slug":"meenu-goel-v-ito-smc-delhitrib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/meenu-goel-v-ito-smc-delhitrib-www-itatonline-org\/","title":{"rendered":"Meenu Goel v. ITO( SMC) (Delhi)(Trib) , www.itatonline.org"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that ; Capital gains from penny stocks cannot be assessed as unexplained cash credit u\/s 68 if the assessee has produced documentary evidence to prove the source, identity and genuineness of the transaction and the AO has not found any fault with it. The fact that the investigation dept has alleged that there is a modus operandi of bogus LTCG scheme is not relevant if the same is not substantiated.  ( ITA No. 6235\/Del\/2017, dt. 19.03.2018)(AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45: Capital gains- Cash credits- Penny stocks \u2013 When the identity and genuineness  of transaction is established  merely because , the investigation department  has alleged that there is a modus operandi of bogus Long term capital gains  scheme is not relevant if the same is not substantiated [ S.10(38), 68 ]<\/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_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":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-316","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-56","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/316","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=316"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/316\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}