https://www.taxtmi.com/caselaws?id=425650 The ITAT upheld the CIT(A)'s decision, dismissing the Revenue's appeal. It found the share transactions genuine based on proper documentation and banking channels. The SEBI orders and investigation findings did not implicate the appellant. The addition of unexplained expenditure was deleted, and land sale was treated as long-term capital gain. The ITAT agreed that the A.O.'s additions were unjustified. The Revenue's appeal was entirely dismissed. en-us Tue, 28 Jun 2022 00:00:00 +0530 Mon, 25 Jul 2022 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425650 The ITAT upheld the CIT(A)'s decision, dismissing the Revenue's appeal. It found the share transactions genuine based on proper documentation and banking channels. The SEBI orders and investigation findings did not implicate the appellant. The addition of unexplained expenditure was deleted, and land sale was treated as long-term capital gain. The ITAT agreed that the A.O.'s additions were unjustified. The Revenue's appeal was entirely dismissed. Case-Laws Income Tax Tue, 28 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425650