ITAT Mumbai case on ‘penny stocks’ where there is no evidence of wrongdoing by assessee and all relevant documents are produced: Mahaveer Kanwarlal Ranka Vs ACIT (ITAT Mumbai) Appeal Number : ITA. No. 224/M/2024 Facts: 1. The AO on the basis of the investigation carried out by the Kolkata Investigation Directorate into 84 penny…
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