ITAT Quashes Reassessment, Upholds Deletion of Penny Stock LTCG Addition:
The ITAT Delhi held the reassessment time-barred and upheld the deletion of additions for alleged bogus penny stock gains.
Notice barred by limitation; evidence lacking for bogus LTCG allegation
Meetu Kumari
Jul 21, 2026
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ITAT Quashes Reassessment, Upholds Deletion of Penny Stock LTCG Addition
The ITAT Delhi held the reassessment time-barred and upheld the deletion of additions for alleged bogus penny stock gains.
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Meetu Kumari
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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.
Studycafe
Jodhpur, Rajasthan, India
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