https://www.taxtmi.com/caselaws?id=376616 The Tribunal remanded the case to the CIT(A) for further examination regarding the addition on account of Penny Stocks involving shares of "Mishika Finance" for the assessment year 2015-16. The Tribunal found the shares to be Penny Stocks and directed the CIT(A) to pass a speaking order after considering all submissions and comparing the facts of the cases. The appeals of all four assessees were allowed for statistical purposes, indicating a need for a detailed analysis of share transactions and the authenticity of documentation. en-us Fri, 01 Mar 2019 00:00:00 +0530 Wed, 13 Mar 2019 09:16:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376616 The Tribunal remanded the case to the CIT(A) for further examination regarding the addition on account of Penny Stocks involving shares of "Mishika Finance" for the assessment year 2015-16. The Tribunal found the shares to be Penny Stocks and directed the CIT(A) to pass a speaking order after considering all submissions and comparing the facts of the cases. The appeals of all four assessees were allowed for statistical purposes, indicating a need for a detailed analysis of share transactions and the authenticity of documentation. Case-Laws Income Tax Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376616