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Income Tax | Suspicion Cannot Replace Evidence in Penny-Stock LTCG Cases: Madras HC deletes addition

8 Sept 2026 · 8 Sept 2026By CA Sandeep Kanoi

Madras HC dismisses Revenue appeals, holding suspicion cannot replace proof for Section 68 additions involving listed-share LTCG claims. The post Suspicion Cannot Replace Evidence in Penny-Stock LTCG Cases: Madras HC deletes addition appeared first on TaxGuru .

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Income Tax | Suspicion Cannot Replace Evidence in Penny-Stock LTCG Cases: Madras HC deletes addition

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