https://www.taxtmi.com/caselaws?id=181044 The Tribunal ruled in favor of the assessee, holding that the income of Rs. 14,06,248 should be taxed under the head "Capital Gains" instead of "Income from other sources" as the penny stocks/shares were credited in the D-mat Account. Additionally, the Tribunal directed the deletion of the Rs. 28,528 commission paid by the assessee, as it was considered guesswork without supporting evidence. The appeal was allowed in favor of the assessee on both grounds. en-us Fri, 20 Aug 2010 00:00:00 +0530 Wed, 06 Apr 2016 12:46:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181044 The Tribunal ruled in favor of the assessee, holding that the income of Rs. 14,06,248 should be taxed under the head "Capital Gains" instead of "Income from other sources" as the penny stocks/shares were credited in the D-mat Account. Additionally, the Tribunal directed the deletion of the Rs. 28,528 commission paid by the assessee, as it was considered guesswork without supporting evidence. The appeal was allowed in favor of the assessee on both grounds. Case-Laws Income Tax Fri, 20 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181044