https://www.taxtmi.com/caselaws?id=378919 The Tribunal dismissed both appeals, affirming the CIT(A)'s decision to uphold the additions of Rs. 22,28,172/- and Rs. 14,36,364/- as Long Term Capital Gains from the sale of shares of M/s CCL International Ltd. The Tribunal found that the transactions were not genuine, supported by evidence from the Investigation Wing, and that the assessee failed to prove the legitimacy of the transactions. The denial of cross-examination opportunity and reliance on statements recorded during the survey were also considered in the decision. The appeals were dismissed, and the additions were confirmed. en-us Tue, 08 Jan 2019 00:00:00 +0530 Thu, 07 Jul 2022 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378919 The Tribunal dismissed both appeals, affirming the CIT(A)'s decision to uphold the additions of Rs. 22,28,172/- and Rs. 14,36,364/- as Long Term Capital Gains from the sale of shares of M/s CCL International Ltd. The Tribunal found that the transactions were not genuine, supported by evidence from the Investigation Wing, and that the assessee failed to prove the legitimacy of the transactions. The denial of cross-examination opportunity and reliance on statements recorded during the survey were also considered in the decision. The appeals were dismissed, and the additions were confirmed. Case-Laws Income Tax Tue, 08 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378919