https://www.taxtmi.com/caselaws?id=430830 The Tribunal upheld the lower authorities' decision, confirming the addition of Rs.1,27,71,907/- to the assessee's income, dismissing the appeal. The Tribunal found the evidence insufficient to counter the findings of the Income Tax Investigation Directorate regarding bogus LTCG transactions. The appellant's claims of arbitrary assessment and violation of natural justice were rejected, emphasizing the burden of proof on the assessee to establish transaction genuineness. en-us Wed, 23 Nov 2022 00:00:00 +0530 Tue, 29 Nov 2022 09:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430830 The Tribunal upheld the lower authorities' decision, confirming the addition of Rs.1,27,71,907/- to the assessee's income, dismissing the appeal. The Tribunal found the evidence insufficient to counter the findings of the Income Tax Investigation Directorate regarding bogus LTCG transactions. The appellant's claims of arbitrary assessment and violation of natural justice were rejected, emphasizing the burden of proof on the assessee to establish transaction genuineness. Case-Laws Income Tax Wed, 23 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430830