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Kolkata ITAT Upholds ₹2.79 Crore Section 68 Addition on Penny Stocks; Credit Need Not Be Cash

12 Aug 2026 · 12 Aug 2026By CA Vijayakumar Shetty

Kolkata ITAT upheld a ₹2.79 crore Section 68 addition on penny-stock purchases, holding credit purchases and journal entries can attract Section 68. The post Kolkata ITAT Upholds ₹2.79 Crore Section 68 Addition on Penny Stocks; Credit Need Not Be Cash appeared first on TaxGuru .

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