https://www.taxtmi.com/caselaws?id=416620 The ITAT upheld the CIT(A)'s decision to delete the addition made by the AO under section 68, emphasizing that the transactions in penny stock were genuine and conducted through legitimate channels. The ITAT found no evidence of wrongdoing or manipulation by the appellant, supporting the CIT(A)'s ruling and rejecting the revenue's appeal. en-us Thu, 09 Dec 2021 00:00:00 +0530 Sat, 01 Jan 2022 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416620 The ITAT upheld the CIT(A)'s decision to delete the addition made by the AO under section 68, emphasizing that the transactions in penny stock were genuine and conducted through legitimate channels. The ITAT found no evidence of wrongdoing or manipulation by the appellant, supporting the CIT(A)'s ruling and rejecting the revenue's appeal. Case-Laws Income Tax Thu, 09 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416620