https://www.taxtmi.com/caselaws?id=430457 The Tribunal upheld the disallowance of the claim of exemption under section 10(38) for Long Term Capital Gain arising from the sale of shares, considering market manipulation and deeming the gain as bogus. Additionally, an amount was added under section 69C for unexplained expenditure towards payment of brokerage. The Tribunal affirmed the decisions of the lower authorities, dismissing the assessee's appeal and upholding the assessment order passed under section 143(3) of the Act. en-us Thu, 10 Nov 2022 00:00:00 +0530 Sat, 19 Nov 2022 09:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430457 The Tribunal upheld the disallowance of the claim of exemption under section 10(38) for Long Term Capital Gain arising from the sale of shares, considering market manipulation and deeming the gain as bogus. Additionally, an amount was added under section 69C for unexplained expenditure towards payment of brokerage. The Tribunal affirmed the decisions of the lower authorities, dismissing the assessee's appeal and upholding the assessment order passed under section 143(3) of the Act. Case-Laws Income Tax Thu, 10 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430457