https://www.taxtmi.com/caselaws?id=195055 The tribunal allowed the appeals of the assessee on both issues. It directed the deletion of additions made under Section 68 related to alleged bogus long-term capital gains and disallowed the application of Section 14A read with Rule 8D for the Assessment Year 2005-06. The judgment emphasized the need for concrete evidence and proper application of legal provisions before making additions or disallowances in tax assessments. en-us Fri, 04 Dec 2015 00:00:00 +0530 Fri, 13 Oct 2017 09:18:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195055 The tribunal allowed the appeals of the assessee on both issues. It directed the deletion of additions made under Section 68 related to alleged bogus long-term capital gains and disallowed the application of Section 14A read with Rule 8D for the Assessment Year 2005-06. The judgment emphasized the need for concrete evidence and proper application of legal provisions before making additions or disallowances in tax assessments. Case-Laws Income Tax Fri, 04 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195055