https://www.taxtmi.com/caselaws?id=381085 The Tribunal dismissed the appeal, confirming the addition under section 68 of the Income Tax Act. The assessee's transactions were deemed part of a scheme to provide bogus long-term capital gains. The AO's decision to withdraw the exemption under section 10(38) and assess the entire sale consideration under section 68 was upheld, with the Tribunal finding no reason to interfere with the CIT(A)'s order. en-us Tue, 21 May 2019 00:00:00 +0530 Mon, 03 Jun 2019 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381085 The Tribunal dismissed the appeal, confirming the addition under section 68 of the Income Tax Act. The assessee's transactions were deemed part of a scheme to provide bogus long-term capital gains. The AO's decision to withdraw the exemption under section 10(38) and assess the entire sale consideration under section 68 was upheld, with the Tribunal finding no reason to interfere with the CIT(A)'s order. Case-Laws Income Tax Tue, 21 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381085