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Case Law Details

Case Name : DCIT Vs Arihant Suresh Jain (ITAT Mumbai)
Appeal Number : ITA No.3147/M/2024
Date of Judgement/Order : 29/11/2024
Related Assessment Year : 2012-13
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DCIT Vs Arihant Suresh Jain (ITAT Mumbai)

No addition u/s. 68 of the Income Tax Act, 1961, merely for trading in penny stock, when the assessee submits necessary details and the AO fails to bring anything contrary on record.

Facts of the case: The assessee’s case was reopened based on the information receiv

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