https://www.taxtmi.com/caselaws?id=192768 The Tribunal allowed the assessee's appeal against the CIT(A) order for Assessment Year 2005-2006 under Section 144 read with Section 147 of the IT Act. The Tribunal found no actual payments for share purchases, profits were booked without share delivery, and the appellant had already declared and assessed income from subsequent share sales. As a result, the Tribunal concluded that there was no justification for additions under Section 69C, leading to the allowance of the assessee's appeal. en-us Fri, 30 Sep 2016 00:00:00 +0530 Mon, 19 Jun 2017 11:11:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192768 The Tribunal allowed the assessee's appeal against the CIT(A) order for Assessment Year 2005-2006 under Section 144 read with Section 147 of the IT Act. The Tribunal found no actual payments for share purchases, profits were booked without share delivery, and the appellant had already declared and assessed income from subsequent share sales. As a result, the Tribunal concluded that there was no justification for additions under Section 69C, leading to the allowance of the assessee's appeal. Case-Laws Income Tax Fri, 30 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192768