Prosecution proceedings justified as assessee didn't disclose capital gains earned from share transactions

INCOME TAX : Where assessee entered into several share transactions and earned short-term capital gain of huge amount from it, however, he did not disclose such gain in its return of income and evaded payment of tax on same, impugned prosecution proceedings initiated against assessee under section 276C for concealment of income with a view to evade tax was justified and same was to be upheld

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