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of <h1>Penny stock share purchase gains treated as unexplained credits u/s 68 rejected for lack of incriminating evidence; appeal dismissed.</h1> In a challenge to an income-tax addition under s.68 based on alleged penny stock purchases, the dominant issue was whether the assessee's transactions ... Addition u/s 68 - penny stock purchases - As decided by HC name of the appellants were neither quoted by any of persons nor any material relating to the assessee was found at any place where investigation was done by the investigation Wing - HELD THAT:- No case for interference is made out in exercise of our jurisdiction under Article 136 of the Constitution of India. The Special Leave Petition is accordingly dismissed. The Supreme Court dismissed the Special Leave Petition under Article 136 of the Constitution of India, stating no interference is warranted. The question of law remains open, and any pending applications are disposed of.
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