<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Authorities Cannot Apply Section 68 Without Evidence; Section 10(38) Exemption Allowed for Alleged Bogus LTCG Scheme.</title>
    <link>https://www.taxtmi.com/highlights?id=48706</link>
    <description>Bogus LTCG - addition u/s 68 - denial of exempt u/s 10(38) - AO has nowhere in the assessment order referred to any material which can prove the complicity of assessee in the alleged accommodation entry operation, hence in the light of the documents furnished by the assessee, the authorities below were not justified in invoking the provisions of section 68 in regard to the sale proceeds of shares - exemption allowable</description>
    <language>en-us</language>
    <pubDate>Sat, 17 Aug 2019 07:52:15 +0530</pubDate>
    <lastBuildDate>Sat, 17 Aug 2019 07:52:15 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=583891" rel="self" type="application/rss+xml"/>
    <item>
      <title>Authorities Cannot Apply Section 68 Without Evidence; Section 10(38) Exemption Allowed for Alleged Bogus LTCG Scheme.</title>
      <link>https://www.taxtmi.com/highlights?id=48706</link>
      <description>Bogus LTCG - addition u/s 68 - denial of exempt u/s 10(38) - AO has nowhere in the assessment order referred to any material which can prove the complicity of assessee in the alleged accommodation entry operation, hence in the light of the documents furnished by the assessee, the authorities below were not justified in invoking the provisions of section 68 in regard to the sale proceeds of shares - exemption allowable</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Sat, 17 Aug 2019 07:52:15 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=48706</guid>
    </item>
  </channel>
</rss>