Off-market share purchase without source proof leads to disallowed LTCG exemption u/s 10(38); income added u/s 68. https://www.taxtmi.com/highlights?id=45774 Addition u/s 68 - bogus LTCG - off market purchase in physical form by paying cash - The assessee has failed to furnish the proof of source for the purchase transactions - LTCG claimed exempt u/s. 10(38)is disallowed and sales proceeds on sale of shares added u/s 68 en-us Tue, 09 Apr 2019 06:42:13 +0530 Tue, 09 Apr 2019 06:42:13 +0530 TaxTMI RSS Generator Off-market share purchase without source proof leads to disallowed LTCG exemption u/s 10(38); income added u/s 68. https://www.taxtmi.com/highlights?id=45774 Addition u/s 68 - bogus LTCG - off market purchase in physical form by paying cash - The assessee has failed to furnish the proof of source for the purchase transactions - LTCG claimed exempt u/s. 10(38)is disallowed and sales proceeds on sale of shares added u/s 68 Highlights Income Tax Tue, 09 Apr 2019 06:42:13 +0530 https://www.taxtmi.com/highlights?id=45774