ITAT Deletes Penny Stock Addition Without Direct Evidence Against Assessee:
ITAT grants LTCG exemption after Revenue fails to prove penny stock accommodation entry allegations with evidence.
General Investigation Report Alone Cannot Justify Bogus Penny Stock Additions Under Section 68
Meetu Kumari
Jul 3, 2026
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ITAT Deletes Penny Stock Addition Without Direct Evidence Against Assessee
ITAT grants LTCG exemption after Revenue fails to prove penny stock accommodation entry allegations with evidence.
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Meetu Kumari
Content Manager
Meetu Kumari is an Experienced Advocate and Content Writer with 4+ years of demonstrated history of working in the law practice industry. Skilled in Developing Content, Researching, and Drafting. Strong professional with a Bachelor of Science (B.Sc.) focused on Law from Gujarat National Law University.
Meetu Kumari is an Experienced Advocate and Content Writer with 4+ years of demonstrated history of working in the law practice industry. Skilled in Developing Content, Researching, and Drafting. Strong professional with a Bachelor of Science (B.Sc.) focused on Law from Gujarat National Law University.
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