https://www.taxtmi.com/caselaws?id=176789 The appeal challenging the addition of unexplained cash credit as long-term capital gain under Section 68 of the Income Tax Act for Assessment Year 2006-07 was dismissed. The Tribunal upheld the decision based on the genuineness of share transactions and reliance on a precedent set by the Jurisdictional High Court of Bombay in the case of "Mukesh R. Marolia." The Commissioner of Income Tax (Appeals) and the Tribunal found no need for addition under Section 68, leading to the dismissal of the appeal as no substantial question of law was identified. en-us Wed, 21 Jan 2015 00:00:00 +0530 Tue, 29 Dec 2015 01:56:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176789 The appeal challenging the addition of unexplained cash credit as long-term capital gain under Section 68 of the Income Tax Act for Assessment Year 2006-07 was dismissed. The Tribunal upheld the decision based on the genuineness of share transactions and reliance on a precedent set by the Jurisdictional High Court of Bombay in the case of "Mukesh R. Marolia." The Commissioner of Income Tax (Appeals) and the Tribunal found no need for addition under Section 68, leading to the dismissal of the appeal as no substantial question of law was identified. Case-Laws Income Tax Wed, 21 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176789