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Penny Stocks vs 54F

Started by CA.BHUPENDRASHAH, June 24, 2011, 01:13:59 PM

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CA.BHUPENDRASHAH

June 24, 2011, 01:13:59 PM

IT : Where assessee could not prove genuineness of transaction of sale of
shares, income from which was claimed to be exempted under section 54F, amount
of sale consideration was to be added to assessee's income as his income from
undisclosed sources
2011] 11 taxmann.com 382 (PUNJ. & HAR.)
Can someone give full text ??
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