Bombay High Court’s Judgement on Reopening for Bogus Capital Gains from Penny Stocks


CASE: Gateway Leasing Pvt. Ltd vs. ACIT

COURT: Bombay High Court

CORAM: Milind D. Jadhav J, Ujjal Bhuyan J

SECTION(S): 10(38), 147, 148, 45

GENRE: Domestic Tax

COUNSEL: Jas Sanghvi, Madhur Agrawal, Suresh Kumar

DATE: March 11, 2020 (Date of pronouncement)

DATE: July 13, 2020 (Date of publication)

AY: 2012-13


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