Judgement

ITAT remands penny stock LTCG dispute to CIT(A) for fresh adjudication after considering related appeals and a similar case involving her son.

ITAT Remands Penny Stock Case, Directs Fresh Review of LTCG Claim Under Section 68

The ITAT remanded the penny stock LTCG exemption case to the Assessing Officer for fresh verification of documentary evidence and a fresh decision.

ITAT Remands Penny Stock LTCG Exemption Case to AO for Fresh Verification of Documentary Evidence

The ITAT Delhi held the reassessment time-barred and upheld the deletion of additions for alleged bogus penny stock gains.

ITAT Quashes Reassessment, Upholds Deletion of Penny Stock LTCG Addition

ITAT Deletes Penny Stock Addition Without Direct Evidence Against Assessee

ITAT deletes additions after finding share transactions genuine and capital gains already taxed.

ITAT Quashes Section 69 Addition on Alleged Penny Stock Transactions

The Income Tax Appellate Tribunal (ITAT) Mumbai has restored to the AO the issue relating to alleged bogus Long-Term Capital Gains (LTCG) claimed on penny stock transactions.

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ITAT Remands Penny Stock Case, Directs Fresh Review of LTCG Claim Under Section 68

ITAT Remands Penny Stock LTCG Exemption Case to AO for Fresh Verification of Documentary Evidence

ITAT Quashes Reassessment, Upholds Deletion of Penny Stock LTCG Addition

ITAT Deletes Penny Stock Addition Without Direct Evidence Against Assessee

ITAT Quashes Section 69 Addition on Alleged Penny Stock Transactions

Penny Stock LTCG Exemption of Rs. 1.41 Crore Under Scanner; ITAT Orders Fresh Verification After Finding Discrepancies in Share Transaction Records