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Vikas Jain Vs DC Central Circle-2 (ITAT Mumbai)

ITAT MumbaiIncome TaxAY 2014-15Faisla: Assessee ke favour mein

Case ke facts

Vikas Jain par penny stock ka addition ho gaya. Par search/raid mein koi naya proof nahi mila jo directly uske case ko connect karta ho.

Mudda (Issue)

Bina naya search material ke, kya penny stock addition valid hai?

Faisla (Held)

ITAT ne addition hata di, bola bina incriminating search material ke addition nahi ho sakta under search assessment.

Practical takeaway

Penny stock ya any addition agar search ke baad kiye hain to check karein ki kya actual incriminating material mila bhi tha ya nahi.

Original report: TaxGuru

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Income tax notice ka jawab

Yeh summary public report par aadhaarit general jaankari hai, legal advice nahi. Poora faisla padhne ke liye original source dekhiye. Published on cgaindia.com: 2026-11-05.

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