https://www.taxtmi.com/caselaws?id=431664 The Tribunal dismissed all appeals, upholding the orders of the CIT(A) and AOs. It found the LTCG claims as bogus, not qualifying for exemptions under section 10(38). Additionally, the Tribunal affirmed the justifiability of the additions for commission expenditures. The Tribunal relied on a High Court judgment emphasizing the burden of proof on assessees, the abnormal rise in share prices, and the need to consider the totality of circumstances. en-us Mon, 31 Oct 2022 00:00:00 +0530 Sat, 17 Dec 2022 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431664 The Tribunal dismissed all appeals, upholding the orders of the CIT(A) and AOs. It found the LTCG claims as bogus, not qualifying for exemptions under section 10(38). Additionally, the Tribunal affirmed the justifiability of the additions for commission expenditures. The Tribunal relied on a High Court judgment emphasizing the burden of proof on assessees, the abnormal rise in share prices, and the need to consider the totality of circumstances. Case-Laws Income Tax Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431664