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Income Tax | Penny-Stock Label Cannot Replace Bank and Demat Verification: ITAT Mumbai

8 Sept 2026 · 8 Sept 2026By CA Vijayakumar Shetty

ITAT admits bank and CDSL evidence under Rule 29 and remands penny-stock loss for fresh adjudication, leaving reopening grounds open. The post Penny-Stock Label Cannot Replace Bank and Demat Verification: ITAT Mumbai appeared first on TaxGuru .

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