Case Law Details
Case Name : Mehul Hasukh Shah Vs ITO (ITAT Mumbai)
Related Assessment Year : 2016-17
Courts :
All ITAT ITAT Mumbai
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Mehul Hasukh Shah Vs ITO (ITAT Mumbai)
Penny-Stock Allegation Collapses: ITAT Mumbai Deletes Addition as Mehul Shah Proves 1996 Purchase & Business-Income Treatment; Reopening Based on Incorrect LTCG Information Invalid; Long-Held Penny-Stock Shares Treated as Genuine — ITAT Mumbai Quashes Additions; Incorrect Bogus-LTCG Trigger Cannot Justify Reopening; Assessee Proved Genuine 1996 Shareholding
Assessee, Mehul Hasukh Shah, filed return for AY 2016-17 declaring
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