https://www.taxtmi.com/caselaws?id=780216 ITAT MUMBAI (AT) allowed the appeal of the assessee, directing deletion of additions under section 68 for alleged bogus LTCG and related brokerage/commission on sale of penny stock. The Tribunal found the assessee had furnished bank records, share certificates, demat statements, contract notes and broker statements, and the AO made no adverse findings against those documents or established the assessee's involvement in price manipulation or use of exit providers. On this basis the AO's generalized investigation findings were held insufficient to sustain the additions. en-us Wed, 22 Oct 2025 00:00:00 +0530 Sat, 25 Oct 2025 09:00:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780216 ITAT MUMBAI (AT) allowed the appeal of the assessee, directing deletion of additions under section 68 for alleged bogus LTCG and related brokerage/commission on sale of penny stock. The Tribunal found the assessee had furnished bank records, share certificates, demat statements, contract notes and broker statements, and the AO made no adverse findings against those documents or established the assessee's involvement in price manipulation or use of exit providers. On this basis the AO's generalized investigation findings were held insufficient to sustain the additions. Case-Laws Income Tax Wed, 22 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780216