https://www.taxtmi.com/caselaws?id=415950 The Delhi High Court declined to interfere with the Tribunal's deletion of an addition made under Section 68 relating to alleged bogus long-term capital gains and accommodation-entry commission, because the Tribunal's findings were factual and evidence-based. It noted that no effective enquiry was conducted, the broker was not examined, the shares were shown as freely traded on the stock exchange, and surrounding market and financial data supported the assessee's explanation. As no perversity was shown, the Court held that re-appreciation of evidence was impermissible and no substantial question of law arose, so the addition was not revived. en-us Tue, 14 Dec 2021 00:00:00 +0530 Thu, 16 Dec 2021 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415950 The Delhi High Court declined to interfere with the Tribunal's deletion of an addition made under Section 68 relating to alleged bogus long-term capital gains and accommodation-entry commission, because the Tribunal's findings were factual and evidence-based. It noted that no effective enquiry was conducted, the broker was not examined, the shares were shown as freely traded on the stock exchange, and surrounding market and financial data supported the assessee's explanation. As no perversity was shown, the Court held that re-appreciation of evidence was impermissible and no substantial question of law arose, so the addition was not revived. Case-Laws Income Tax Tue, 14 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415950