https://www.taxtmi.com/caselaws?id=415820 The Tribunal allowed the appeal, directing the deletion of the addition made by the AO. It found that the authorities failed to provide enough evidence to prove the assessee's involvement in manipulating share prices or generating bogus capital gains. The Tribunal emphasized the substantial documentation provided by the assessee supporting the genuineness of the transactions and criticized the lack of independent enquiries by the authorities from SEBI or BSE. Suspicion alone, without concrete evidence, was deemed insufficient to justify treating the capital gains as bogus. en-us Wed, 10 Nov 2021 00:00:00 +0530 Tue, 14 Dec 2021 09:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415820 The Tribunal allowed the appeal, directing the deletion of the addition made by the AO. It found that the authorities failed to provide enough evidence to prove the assessee's involvement in manipulating share prices or generating bogus capital gains. The Tribunal emphasized the substantial documentation provided by the assessee supporting the genuineness of the transactions and criticized the lack of independent enquiries by the authorities from SEBI or BSE. Suspicion alone, without concrete evidence, was deemed insufficient to justify treating the capital gains as bogus. Case-Laws Income Tax Wed, 10 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415820