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Income Tax | Penny Stock Alert Cannot Justify Entire Share Sale Addition Under Section 68: Mumbai ITAT

29 Sept 2026 · 29 Sept 2026By CA Vijayakumar ShettySource: TaxGuru

ITAT Mumbai deletes ₹2.23 lakh Section 68 addition as penny-stock investigation did not establish manipulation in assessee’s specific trades. The post Penny Stock Alert Cannot Justify Entire Share Sale Addition Under Section 68: Mumbai ITAT appeared first on TaxGuru .

Attribution

Original credit: CA Vijayakumar Shetty. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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