https://www.taxtmi.com/highlights?id=61983 Assessment u/s 153A - Bogus LTCG - exemption u/s. 10(38) - assessing officer has not brought or proved anything on record that the assesse was involved in manipulation of prices or taken benefit by having any relationship with the persons involved in such activities. Even the SEBI order does not mention the name of the assessee to have been involved in the artificial price rigging of shares. Hence the entire addition has been made in the hands of the assessee merely by surmise and conjecture and not backed by any evidence. - AT en-us Thu, 17 Feb 2022 13:54:47 +0530 Thu, 17 Feb 2022 13:55:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61983 Assessment u/s 153A - Bogus LTCG - exemption u/s. 10(38) - assessing officer has not brought or proved anything on record that the assesse was involved in manipulation of prices or taken benefit by having any relationship with the persons involved in such activities. Even the SEBI order does not mention the name of the assessee to have been involved in the artificial price rigging of shares. Hence the entire addition has been made in the hands of the assessee merely by surmise and conjecture and not backed by any evidence. - AT Highlights Income Tax Thu, 17 Feb 2022 13:54:47 +0530 https://www.taxtmi.com/highlights?id=61983