https://www.taxtmi.com/caselaws?id=386978 The tribunal dismissed the appeals, affirming that the purchase and sale of shares were manipulated, and the claimed Long Term Capital Gains (LTCG) were deemed bogus. The onus to prove the genuineness of transactions and exemption under Section 10(38) was not met by the assessees. Consequently, the tribunal upheld the Assessing Officer's decision to treat the sale proceeds as unexplained credit under Section 68. en-us Fri, 16 Aug 2019 00:00:00 +0530 Mon, 14 Oct 2019 10:49:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386978 The tribunal dismissed the appeals, affirming that the purchase and sale of shares were manipulated, and the claimed Long Term Capital Gains (LTCG) were deemed bogus. The onus to prove the genuineness of transactions and exemption under Section 10(38) was not met by the assessees. Consequently, the tribunal upheld the Assessing Officer's decision to treat the sale proceeds as unexplained credit under Section 68. Case-Laws Income Tax Fri, 16 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386978