Swati Bajaj, a resident of Calcutta, the City of Joy, is an intrepid investor in Penny stocks. In March 2012, she came across a research report issued by a prominent share analyst and research company named M/s. Abrams Consultancy Services Private Limited, which recommended a "buy" call on shares of a company named Surabhi Chemicals which was quoted on the BSE on 16.03.2012 at Rs. 200/- per equity share.
Bajaj bought 500 equity shares of Surabhi Chemicals for Rs. 1,00,000 and the payment…
If taxpayer cannot justify rise in share price of Penny Stocks, it means gains are bogus
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