https://www.taxtmi.com/caselaws?id=278386 The Tribunal allowed the appeals, deleting the additions made by the Assessing Officer regarding the assessment of short term capital gain as income from other sources due to alleged bogus share transactions. The Tribunal found the shares were legitimately bought and sold at market rates through a recognized broker, rejecting the allegation of artificially inflated prices. The authorities were criticized for not considering relevant evidence and unjustly disallowing the assessees' claims for the assessment year 2013-14. en-us Thu, 08 Feb 2018 00:00:00 +0530 Wed, 30 Jan 2019 06:59:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278386 The Tribunal allowed the appeals, deleting the additions made by the Assessing Officer regarding the assessment of short term capital gain as income from other sources due to alleged bogus share transactions. The Tribunal found the shares were legitimately bought and sold at market rates through a recognized broker, rejecting the allegation of artificially inflated prices. The authorities were criticized for not considering relevant evidence and unjustly disallowing the assessees' claims for the assessment year 2013-14. Case-Laws Income Tax Thu, 08 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278386