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

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

ITAT Grants Fresh Opportunity in Penny Stock LTCG Dispute

Saloni Kumari

Aug 3, 2026

Last update on Aug 3, 2026

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

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

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Saloni Kumari

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Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].