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Case Law Details

Case Name : JCIT (OSD) Vs Public Employees Retirement System of Ohio (ITAT Mumbai)
Appeal Number : ITA No. 1527/Mum/2022
Date of Judgement/Order : 18/08/2022
Related Assessment Year : 2015–16
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JCIT (OSD) Vs Public Employees Retirement System of Ohio (ITAT Mumbai)

ITAT held that addition of loss from traded in penny stock not justified if no information about engagement of assessee in manipulative activities and details of purchase/sales of shares submitted by him was not doubted.<

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