https://www.taxtmi.com/caselaws?id=61599 The ITAT allowed the Revenue's appeal, overturning the CIT(A)'s decision to delete the addition of Rs. 20,36,700 related to purported bogus gains from share transactions. The Tribunal found the transactions lacked genuineness, citing irregularities such as improbable trading circumstances, payment discrepancies, and insufficient documentation. Consequently, the AO's original assessment was reinstated, adding the disputed amount to the assessee's income. en-us Thu, 11 Aug 2005 00:00:00 +0530 Mon, 22 Apr 2024 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61599 The ITAT allowed the Revenue's appeal, overturning the CIT(A)'s decision to delete the addition of Rs. 20,36,700 related to purported bogus gains from share transactions. The Tribunal found the transactions lacked genuineness, citing irregularities such as improbable trading circumstances, payment discrepancies, and insufficient documentation. Consequently, the AO's original assessment was reinstated, adding the disputed amount to the assessee's income. Case-Laws Income Tax Thu, 11 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61599