script has been declared as penny does not make the whole
transaction as non-genuine.
6. Further, the assessee had sold this script after holding ... wrongful/
illegal activities of Mr. Raj Kumar Modi.
12. The AO treated the shares as penny script merely relying on order dated 26.02.2021 passed
that proportion. The
6
ITA No.4297/Mum/2018
Shri Jimeet Vipul Modi
Assessment Year: 2014-15
assessee had fully discharged his onus to prove ... script would be market driven.
Since the assessee was an investor, when the prices were continuously
falling, the assessee exited from the said script
Cricket in India
and all as if written to a perfect script. A script that played out only
when the last ball was bowled ... Jaipur emerged victorious.
The competition was the brainchild of Lalit Kumar Modi, currently the
Vice President of the BCCI, and Chairman and Commissioner
that the investments
2 ITA No. 1334/Mum/2010
Shri Praful D. Modi
made in shares were of independent companies and not of sister
concerns ... companies. Further, I also find that the appellant has
dealt with the scripts, during the year, of 33 in number as against 38
scripts
Oricon Enterprises Ltd, Mumbai vs Acit Cen Cir 3(3), Mumbai on 16 May, 2018
Dy Cit Cc 2 (2), Mumbai vs Smt. Kalpana Mukesh Ruia, Mumbai on 31 December
Acit - 4(2)(1), Mumbai vs Progressive Share Brokers Pvt. Ltd., ... on 7 June, 2018
Kamla Lamdmarc Enterprises,, Mumbai vs Dcit(3)(4),, Mumbai on 24 March, 2022
IN THE
Mukesh B. Sharma, Mumbai vs Ito 11(3)(2), Mumbai on 29 May, 2019
IN
Amit H Patel (Huf), Mumbai vs Dcit-Cc 3((4), Mumbai, Mumbai on 15 July
