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![Investment in Penny Stock can’t be a sole ground for Disallowance If Assessee’s Intention was not to make Gain out of Share Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Investment-in-Penny-Stock-Share-Transactions-ITAT-Taxscan.jpg "Investment in Penny Stock can’t be a sole ground for Disallowance If Assessee’s Intention was not to make Gain out of Share Transactions: ITAT [Read Order]")
Investment in Penny Stock can’t be a sole ground for Disallowance If Assessee’s Intention was not to make Gain out of Share Transactions: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad bench has recently held that the income tax department cannot make disallowance merely on the...