https://www.taxtmi.com/caselaws?id=389520 The Tribunal dismissed the appeal of the assessee concerning the legitimacy of Long Term Capital Gains claimed, determining the share transactions were part of a tax evasion scheme. The AO's findings were upheld, as the assessee failed to prove the transactions' genuineness, leading to the addition of unexplained cash credit. The Tribunal found no reason to interfere with the lower authorities' conclusions, upholding the dismissal of the assessee's appeal on 26th November 2019. en-us Tue, 26 Nov 2019 00:00:00 +0530 Tue, 10 Dec 2019 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389520 The Tribunal dismissed the appeal of the assessee concerning the legitimacy of Long Term Capital Gains claimed, determining the share transactions were part of a tax evasion scheme. The AO's findings were upheld, as the assessee failed to prove the transactions' genuineness, leading to the addition of unexplained cash credit. The Tribunal found no reason to interfere with the lower authorities' conclusions, upholding the dismissal of the assessee's appeal on 26th November 2019. Case-Laws Income Tax Tue, 26 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389520