https://www.taxtmi.com/caselaws?id=276071 The ITAT affirmed the decisions of the lower authorities regarding the disallowance of the appeal by CIT (A) and the addition of undisclosed income under section 68 of the IT Act 1961. The appellant's claims of exempted Long Term Capital Gain were rejected due to transactions involving sham and bogus companies providing accommodation entries. The allegations of sham and bogus transactions were upheld, leading to the dismissal of the appeal and confirmation of the undisclosed income addition under section 68. en-us Wed, 17 Feb 2016 00:00:00 +0530 Fri, 26 Oct 2018 20:03:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276071 The ITAT affirmed the decisions of the lower authorities regarding the disallowance of the appeal by CIT (A) and the addition of undisclosed income under section 68 of the IT Act 1961. The appellant's claims of exempted Long Term Capital Gain were rejected due to transactions involving sham and bogus companies providing accommodation entries. The allegations of sham and bogus transactions were upheld, leading to the dismissal of the appeal and confirmation of the undisclosed income addition under section 68. Case-Laws Income Tax Wed, 17 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276071