https://www.taxtmi.com/caselaws?id=779015 ITAT dismissed the Revenue's appeal for low tax effect, holding the taxpayer's losses arose from share trading treated as business loss rather than short-term capital loss, and therefore did not fall within the CBDT Circular exception aimed at alleged bogus LTCG/STCL through penny stocks. Applying the tribunal's prior ratio, the panel found the case outside the circular's scope and refused to admit the appeal by the Revenue. en-us Wed, 24 Sep 2025 00:00:00 +0530 Mon, 23 Feb 2026 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779015 ITAT dismissed the Revenue's appeal for low tax effect, holding the taxpayer's losses arose from share trading treated as business loss rather than short-term capital loss, and therefore did not fall within the CBDT Circular exception aimed at alleged bogus LTCG/STCL through penny stocks. Applying the tribunal's prior ratio, the panel found the case outside the circular's scope and refused to admit the appeal by the Revenue. Case-Laws Income Tax Wed, 24 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779015