https://www.taxtmi.com/caselaws?id=394253 The Tribunal ruled in favor of the assessee, finding that the addition made under Section 68 of the Income Tax Act for alleged bogus long-term capital gain lacked concrete evidence. The transactions were supported by proper documentation and conducted through recognized stock exchanges. The Tribunal emphasized the importance of legal evidence over mere suspicion, deleting the addition of Rs. 38,02,285/- and allowing the assessee's appeal based on principles of natural justice and evidentiary requirements. en-us Fri, 02 Aug 2019 00:00:00 +0530 Mon, 06 Apr 2020 12:50:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394253 The Tribunal ruled in favor of the assessee, finding that the addition made under Section 68 of the Income Tax Act for alleged bogus long-term capital gain lacked concrete evidence. The transactions were supported by proper documentation and conducted through recognized stock exchanges. The Tribunal emphasized the importance of legal evidence over mere suspicion, deleting the addition of Rs. 38,02,285/- and allowing the assessee's appeal based on principles of natural justice and evidentiary requirements. Case-Laws Income Tax Fri, 02 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394253