| Court: | ITAT Mumbai bench |
| Head Notes: | When in an earlier year, the argument of the Revenue that a particular scrip/ stock was ‘penny stock’, was rejected by the ITAT in the case of the assessee itself, then, principles of judicial consistency and Doctrine of Binding Precedents, would warrant the same view to be taken in a subsequent year as well. |
| Law: | Income-Tax Act |
| Section(s): | 68, 69C, penny stock |
| Counsel(s): | Rahul Sarda |
| Dowload Pdf File | Click here to download the file in pdf format |
| Uploaded By | ITAT Online Manager |
| Date of upload: | March 10, 2026 |
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