https://www.taxtmi.com/caselaws?id=376538 The Tribunal allowed all thirteen appeals, overturning the additions made by the revenue authorities regarding the treatment of Long Term Capital Gains (LTCG) and Long Term Capital Losses (LTCL) as bogus unexplained cash credits under Section 68 of the Income Tax Act, 1961. The Tribunal found that there was a lack of specific evidence linking the assessees to share price rigging activities, emphasizing the need for concrete evidence to prove collusion. The documentary evidence provided by the assessees was deemed genuine, leading to the deletion of the disputed LTCG and LTCL additions. en-us Thu, 28 Feb 2019 00:00:00 +0530 Sat, 09 Mar 2019 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376538 The Tribunal allowed all thirteen appeals, overturning the additions made by the revenue authorities regarding the treatment of Long Term Capital Gains (LTCG) and Long Term Capital Losses (LTCL) as bogus unexplained cash credits under Section 68 of the Income Tax Act, 1961. The Tribunal found that there was a lack of specific evidence linking the assessees to share price rigging activities, emphasizing the need for concrete evidence to prove collusion. The documentary evidence provided by the assessees was deemed genuine, leading to the deletion of the disputed LTCG and LTCL additions. Case-Laws Income Tax Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376538