https://www.taxtmi.com/highlights?id=61261 Assessment u/s 153A - beneficiary of bogus LTCG - Addition u/s 68 - onus to prove - The whole basis of making additions is third-party statement and no opportunity of cross-examination has been provided to the assessee to confront these parties. As against this, the assessee’s position that that the transactions were genuine and duly supported by various documentary evidences, could not be disturbed by the revenue. - Additions deleted - AT en-us Mon, 03 Jan 2022 11:09:53 +0530 Mon, 03 Jan 2022 11:09:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61261 Assessment u/s 153A - beneficiary of bogus LTCG - Addition u/s 68 - onus to prove - The whole basis of making additions is third-party statement and no opportunity of cross-examination has been provided to the assessee to confront these parties. As against this, the assessee’s position that that the transactions were genuine and duly supported by various documentary evidences, could not be disturbed by the revenue. - Additions deleted - AT Highlights Income Tax Mon, 03 Jan 2022 11:09:53 +0530 https://www.taxtmi.com/highlights?id=61261