https://www.taxtmi.com/caselaws?id=392586 The Tribunal dismissed the appeal, upholding the additions made by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals). The transactions were considered accommodation entries for claiming bogus Short Term Capital Loss, lacking genuine economic or financial rationale. The additions under Sections 68 and 69C were deemed justified based on the evidence and analysis provided by the AO. en-us Tue, 07 Jan 2020 00:00:00 +0530 Wed, 07 Oct 2020 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392586 The Tribunal dismissed the appeal, upholding the additions made by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals). The transactions were considered accommodation entries for claiming bogus Short Term Capital Loss, lacking genuine economic or financial rationale. The additions under Sections 68 and 69C were deemed justified based on the evidence and analysis provided by the AO. Case-Laws Income Tax Tue, 07 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392586