https://www.taxtmi.com/caselaws?id=422749 The Tribunal upheld the decisions of the CIT(A) and the assessing officer, denying exemption for long term capital gain (LTCG) on the sale of equity shares and upholding the addition made under section 68 of the Income Tax Act. The appellant failed to provide sufficient evidence to support their claims, leading to the dismissal of the appeal. The judgment emphasized the necessity of credible evidence and the repercussions of involvement in accommodation entry arrangements. en-us Thu, 19 May 2022 00:00:00 +0530 Sat, 21 May 2022 09:40:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422749 The Tribunal upheld the decisions of the CIT(A) and the assessing officer, denying exemption for long term capital gain (LTCG) on the sale of equity shares and upholding the addition made under section 68 of the Income Tax Act. The appellant failed to provide sufficient evidence to support their claims, leading to the dismissal of the appeal. The judgment emphasized the necessity of credible evidence and the repercussions of involvement in accommodation entry arrangements. Case-Laws Income Tax Thu, 19 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422749