September 23, 2026
Business

Taxman called a penny-stock gain bogus after ₹70,000 became ₹1.93 crore, here’s what Mumbai ITAT said(Soban News)

The Mumbai ITAT deleted a ₹1.93 crore tax addition on Toyam Industries gains after finding that the taxpayer had produced a transaction trail but the Revenue had not shown specific evidence linking him to alleged price manipulation. 

​The Mumbai ITAT deleted a ₹1.93 crore tax addition on Toyam Industries gains after finding that the taxpayer had produced a transaction trail but the Revenue had not shown specific evidence linking him to alleged price manipulation.  by Soban News (international And National News)

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