https://www.taxtmi.com/caselaws?id=368221 The Tribunal allowed the assessee's appeal, deleting the additions made under Section 68 and the 5% commission. It concluded that the LTCG was not proven to be bogus, emphasizing the lack of concrete evidence and reliance solely on suspicion and circumstantial evidence by the AO and CIT(A). The Tribunal highlighted the importance of providing the assessee with an opportunity to rebut evidence and cross-examine witnesses, ultimately ruling in favor of the assessee due to insufficient direct evidence against them. en-us Fri, 28 Sep 2018 00:00:00 +0530 Thu, 04 Oct 2018 07:31:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368221 The Tribunal allowed the assessee's appeal, deleting the additions made under Section 68 and the 5% commission. It concluded that the LTCG was not proven to be bogus, emphasizing the lack of concrete evidence and reliance solely on suspicion and circumstantial evidence by the AO and CIT(A). The Tribunal highlighted the importance of providing the assessee with an opportunity to rebut evidence and cross-examine witnesses, ultimately ruling in favor of the assessee due to insufficient direct evidence against them. Case-Laws Income Tax Fri, 28 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368221