https://www.taxtmi.com/caselaws?id=410519 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s findings that the transactions were sham, aimed at introducing unaccounted money as long-term capital gains. Lack of credible evidence and suspicious transaction patterns led to the dismissal of appeals. The Tribunal affirmed the Commissioner's decision, dismissing the appeals filed by the assessees regarding the alleged fraudulent share transactions. en-us Thu, 24 Jun 2021 00:00:00 +0530 Wed, 04 Aug 2021 08:34:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410519 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s findings that the transactions were sham, aimed at introducing unaccounted money as long-term capital gains. Lack of credible evidence and suspicious transaction patterns led to the dismissal of appeals. The Tribunal affirmed the Commissioner's decision, dismissing the appeals filed by the assessees regarding the alleged fraudulent share transactions. Case-Laws Income Tax Thu, 24 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410519