ITAT Holds Suspicion Cannot Substitute Evidence :
The ITAT Ahmedabad held that mere Investigation Wing Report and Penny Stock Allegation is insufficient to establish assessee’s connection
ITAT Deletes Rs 15.93 Lakh Bogus LTCG Addition
Saima
Sep 15, 2026
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ITAT Holds Suspicion Cannot Substitute Evidence
The ITAT Ahmedabad held that mere Investigation Wing Report and Penny Stock Allegation is insufficient to establish assessee’s connection
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About Author
Saima
Content Writer
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
StudyCafe
Delhi, Delhi, India
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