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

Income Tax | Madras HC Upholds Deletion of Penny Stock Gains Addition under Section 68

5 Sept 2026 · 5 Sept 2026By CA Sandeep Kanoi

Madras HC upholds deletion of Section 68 additions on penny-stock gains, holding suspicion cannot replace evidence linking assessee to price manipulation. The post Madras HC Upholds Deletion of Penny Stock Gains Addition under Section 68 appeared first on TaxGuru .

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

Read on TaxGuru

More Articles

General

Skyways Logistics Growth Strategy: Air Cargo, Technology And India’s Manufacturing Boom

Skyways Air Services is eyeing strong growth as India’s manufacturing sector and e-commerce activity drive logistics demand. The company reported a 25% rise in income to ₹2,839 crore in FY26, while profit after tax jumped 32% to ₹63.5 crore. Yashpal Sharma, CMD, Skyways Air Services, says technology

Business Today

General

Jharkhand students to march to state assembly as talks with govt fails

Jharkhand students protest: The protesters will march peacefully from the Old Assembly Ground to the new Assembly building, with supporters from across Jharkhand extending moral support.

Business Today

General

#IndiaAt100 : Hisashi Takeuchi On Driving India’s Manufacturing Revolution

India’s ambition to become a global manufacturing powerhouse is accelerating, with the automobile industry at the centre of this transformation. In this #IndiaAt100 session, Hisashi Takeuchi, MD & CEO, Maruti Suzuki India, discusses how manufacturing can drive India’s next phase of growth. From loca

Business Today

General

Dwarka Expressway property prices double in 7 years: How infrastructure turned NCR corridor into a wealth creator

Dwarka Expressway has emerged as one of NCR’s strongest-performing real estate corridors, with residential property prices nearly doubling over the past seven to eight years. Infrastructure upgrades, improved Delhi-Gurugram connectivity and rising premium housing demand have driven the corridor’s ra

Business Today