decision rendered by the Tribunal
Bangalore in the case of Turbotech Precision Engg. Pvt. Ltd Vs.
Commissioner of Central Excise, Bangalore ... dismissed."
7.6 We find the decision in the case of Turbotech Precision
Engg. Pvt. Ltd. Vs. Commissioner of Central Excise -II, Bangalore
Gain
(LTCG) arising to the assessee on sale of shares of Turbotech
Engineering Ltd. which is alleged to be a penny stock. No
questions ... both counts namely
LTCG arising on sale of share of Turbotech as well as inrease in
building account by the assessee during the year
Gain
(LTCG) arising to the assessee on sale of shares of Turbotech
Engineering Ltd. which is alleged to be a penny stock. No
questions ... both counts namely
LTCG arising on sale of share of Turbotech as well as loans
received by the assessee during the year. The assessee
Gain
(LTCG) arising to the assessee on sale of shares of Turbotech
Engineering Ltd. which is alleged to be a penny stock. No
questions ... both counts namely
LTCG arising on sale of share of Turbotech as well as
introduction of capital and gift received by the assessee during
amount
1 Dhenu 20.03.2013 13000 989325 07.10.2013 13000 65130 924195
Buildcon
2. Turbotech ... scrips of Dhenu Buildcon Infra Ltd., Global Securities Ltd.
and Turbotech Engineering Ltd. are bogus, coloured and not
genuine . He further held that these have
Page
ITA No.5353/Del/2019
AY: 2014-15
Turbotech Engineering Ltd. In response to the query raised by the
Assessing Officer, the assessee denied ... Page
ITA No.5353/Del/2019
AY: 2014-15
Turbotech Engineering Ltd. is non-genuine as the said entity is a
penny stock company
under:
(i) C.S.T Bangalore Vs. Turbotech Precision Engineering
Pvt Ltd (2010 (18) STR 545 (Kar.)
( ii) Commr
