https://www.taxtmi.com/caselaws?id=293430 The court upheld the Tribunal's decision to delete the additions of Long Term Capital Gain, commission, and legal expenses related to the bogus share transactions. The court found the transactions genuine based on evidence presented, including contract notes, demat account details, and payments through legitimate channels. The Assessing Officer's allegations of converting black money were dismissed as unsupported, with no evidence of cash going back to the appellant's account. The court held that no substantial question of law arose, dismissing the appeals in favor of the assessee. en-us Tue, 24 Jul 2018 00:00:00 +0530 Wed, 10 Feb 2021 19:08:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293430 The court upheld the Tribunal's decision to delete the additions of Long Term Capital Gain, commission, and legal expenses related to the bogus share transactions. The court found the transactions genuine based on evidence presented, including contract notes, demat account details, and payments through legitimate channels. The Assessing Officer's allegations of converting black money were dismissed as unsupported, with no evidence of cash going back to the appellant's account. The court held that no substantial question of law arose, dismissing the appeals in favor of the assessee. Case-Laws Income Tax Tue, 24 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293430