https://www.taxtmi.com/caselaws?id=296500 The Tribunal allowed the assessee's appeals, deleting the addition of Rs. 3,39,46,071/- as bogus LTCG and the addition of Rs. 1,69,730/- as unexplained expenditure under section 69C. No additions were permitted for the unabated assessment years 2013-14 and 2014-15 due to the absence of incriminating material found during the search. The Tribunal emphasized the lack of concrete evidence supporting the AO's findings and upheld legal precedents safeguarding concluded assessments from arbitrary additions. en-us Fri, 10 May 2019 00:00:00 +0530 Sat, 24 Jul 2021 09:12:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296500 The Tribunal allowed the assessee's appeals, deleting the addition of Rs. 3,39,46,071/- as bogus LTCG and the addition of Rs. 1,69,730/- as unexplained expenditure under section 69C. No additions were permitted for the unabated assessment years 2013-14 and 2014-15 due to the absence of incriminating material found during the search. The Tribunal emphasized the lack of concrete evidence supporting the AO's findings and upheld legal precedents safeguarding concluded assessments from arbitrary additions. Case-Laws Income Tax Fri, 10 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296500