CharteredUniverse — AI workspace for chartered accountants
LoginSign Up
Back to Articles
Tax & ComplianceTaxGuru

Income Tax | ITAT Mumbai Allows Section 10(38) Exemption on Lifeline Drugs Share Gains Despite Penny Stock Allegations

1 Sept 2026 · 1 Sept 2026By CA Sandeep Kanoi

ITAT Mumbai allows Section 10(38) exemption on Lifeline Drugs shares, finding no evidence linking the assessee to price manipulation or bogus gains. The post ITAT Mumbai Allows Section 10(38) Exemption on Lifeline Drugs Share Gains Despite Penny Stock Allegations appeared first on TaxGuru .

This article was aggregated from TaxGuru. Continue reading for the complete story.

Read on TaxGuru

More Articles

General

Piyush Goyal Urges People To Promote Swadeshi Products At Bharatiya Mahotsav

Piyush Goyal Urges People To Promote Swadeshi Products At Bharatiya Mahotsav

Business Today

General

undefined

undefined

Business Today

General

Gautam Adani Recalls Arriving In Mumbai At 16, Says The First Step Is Often Hardest

Gautam Adani Recalls Arriving In Mumbai At 16, Says The First Step Is Often Hardest

Business Today

General

Kaynes Tech share price: Jefferies, JPMorgan, Investec, CLSA - Highest & lowest targets

For Nuvama, Kaynes Tech’s Q1 print was a mixed bag. It noted that Kaynes' profit fell 24 per cent YoY, which was 7 per cent below its estimate, led by lower other income and higher tax rate.

Business Today