https://www.taxtmi.com/caselaws?id=390741 The Tribunal upheld the CIT(A) order, confirming additions on long-term capital gain and alleged manipulation of transactions. The Tribunal supported reliance on investigations by various authorities, inclusion of the assessee in the beneficiary list, and findings related to unaccounted money conversion. Additionally, the Tribunal upheld the treatment of sale transactions as ingenuine, addition of alleged commission, charging of interest, and initiation of penalty proceedings under Section 271(1)(c). The Tribunal dismissed both appeals, citing the case of Udit Kalra vs. ITO as influential in the decision. en-us Wed, 08 Jan 2020 00:00:00 +0530 Fri, 10 Jan 2020 07:08:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390741 The Tribunal upheld the CIT(A) order, confirming additions on long-term capital gain and alleged manipulation of transactions. The Tribunal supported reliance on investigations by various authorities, inclusion of the assessee in the beneficiary list, and findings related to unaccounted money conversion. Additionally, the Tribunal upheld the treatment of sale transactions as ingenuine, addition of alleged commission, charging of interest, and initiation of penalty proceedings under Section 271(1)(c). The Tribunal dismissed both appeals, citing the case of Udit Kalra vs. ITO as influential in the decision. Case-Laws Income Tax Wed, 08 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390741