https://www.taxtmi.com/caselaws?id=304524 The Tribunal upheld the lower authorities' findings that the Long Term Capital Gains (LTCG) claimed were unexplained cash credits under Section 68 of the Income Tax Act. Emphasizing circumstantial evidence, human probability, and preponderance of probabilities, the decision highlighted stock market manipulations, SEBI investigations, and the importance of cross-examination and burden of proof in tax assessments. The transactions were deemed suspicious and dubious, with the rise in share prices lacking fundamental support, leading to the denial of the LTCG claim. en-us Wed, 26 Dec 2018 00:00:00 +0530 Sat, 01 Oct 2022 09:27:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304524 The Tribunal upheld the lower authorities' findings that the Long Term Capital Gains (LTCG) claimed were unexplained cash credits under Section 68 of the Income Tax Act. Emphasizing circumstantial evidence, human probability, and preponderance of probabilities, the decision highlighted stock market manipulations, SEBI investigations, and the importance of cross-examination and burden of proof in tax assessments. The transactions were deemed suspicious and dubious, with the rise in share prices lacking fundamental support, leading to the denial of the LTCG claim. Case-Laws Income Tax Wed, 26 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304524