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![Addition in respect of Penny Stock cannot be made without Incriminating Material found during Search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Addition-Penny-Stock-Incriminating-Material-ITAT-Taxscan.jpg "Addition in respect of Penny Stock cannot be made without Incriminating Material found during Search: ITAT [Read Order]")
Addition in respect of Penny Stock cannot be made without Incriminating Material found during Search: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench has held that long term capital gains arising from a penny stock transaction cannot be denied...
![Delhi High Court deletes addition of alleged Bogus LTCG on Penny Stocks [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/01/Delhi-High-Court-alleged-bogus-LTCG-penny-stocks-Taxscan.jpeg "Delhi High Court deletes addition of alleged Bogus LTCG on Penny Stocks [Read Judgment]")
![Circular on Monetary Limits for Filing Appeals not applicable in case of claiming Bogus LTCG / STCG through Penny Stocks: CBDT [Read Office Memorandum]](https://www.taxscan.in/wp-content/uploads/2018/09/Tax-Appeals-Taxscan.jpg "Circular on Monetary Limits for Filing Appeals not applicable in case of claiming Bogus LTCG / STCG through Penny Stocks: CBDT [Read Office Memorandum]")
![Capital Gains from Penny Stocks can’t be treated as Bogus if Revenue does not prove that there is a Scam: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Capital-Gain-Tax-Taxscan.jpg "Capital Gains from Penny Stocks can’t be treated as Bogus if Revenue does not prove that there is a Scam: ITAT [Read Order]")