Subhaschandra Patel Vs DCIT (ITAT Surat)
Case ke facts
Assessee ne Fiberweb shares mein invest kiya tha. Department ne penny stock transaction ko bogus maan ke addition kar diya, bina specific evidence ke.
Mudda (Issue)
Kya penny stock addition bina assessee-specific price manipulation proof ke kiya ja sakta hai?
Faisla (Held)
Tribunal ne kaha ki jab tak assessee ke against specific price manipulation ka evidence nahi ho, tab tak Section 68 addition nahi chalega.
Practical takeaway
Penny stock ya share transactions mein department ka notice aaye to apni trade confirmations aur contract notes ready rakho. Yeh dikhana hai ki transaction genuine tha.
Original report: taxguru.in
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Yeh summary public report par aadhaarit general jaankari hai, legal advice nahi. Poora faisla padhne ke liye original source dekhiye. Published on cgaindia.com: 2026-09-16.