https://www.taxtmi.com/caselaws?id=296482 The Tribunal ruled in favor of the assessee in an appeal against the addition of Long Term Capital Gain (LTCG) on the sale of shares under Section 68 of the Income Tax Act for the assessment year 2015-16. Despite the Assessing Officer's suspicions of bogus LTCG activities, the Tribunal found the assessee's documented evidence, including purchase and sale statements, bank details, and NSDL statements, to be genuine. Emphasizing the importance of evidence, the Tribunal allowed the appeal, directing the deletion of the added amount of Rs. 15,95,720. en-us Wed, 07 Aug 2019 00:00:00 +0530 Fri, 23 Jul 2021 08:56:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296482 The Tribunal ruled in favor of the assessee in an appeal against the addition of Long Term Capital Gain (LTCG) on the sale of shares under Section 68 of the Income Tax Act for the assessment year 2015-16. Despite the Assessing Officer's suspicions of bogus LTCG activities, the Tribunal found the assessee's documented evidence, including purchase and sale statements, bank details, and NSDL statements, to be genuine. Emphasizing the importance of evidence, the Tribunal allowed the appeal, directing the deletion of the added amount of Rs. 15,95,720. Case-Laws Income Tax Wed, 07 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296482