https://www.taxtmi.com/caselaws?id=433541 The tribunal upheld the Assessing Officer's decision to disallow Long Term Capital Gain (LTCG) on the sale of shares of Kappac Pharma Limited due to discrepancies in share transactions, despite the assessee's claim of genuine transactions. Additionally, the tribunal affirmed the addition of tuition income as unexplained income under Section 68 of the Act, as the assessee failed to provide adequate documentation. The appeal was dismissed, and the additions made by the Assessing Officer were upheld based on the lack of concrete evidence and documentation supporting the transactions and income. en-us Mon, 30 Jan 2023 00:00:00 +0530 Thu, 02 Feb 2023 08:57:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433541 The tribunal upheld the Assessing Officer's decision to disallow Long Term Capital Gain (LTCG) on the sale of shares of Kappac Pharma Limited due to discrepancies in share transactions, despite the assessee's claim of genuine transactions. Additionally, the tribunal affirmed the addition of tuition income as unexplained income under Section 68 of the Act, as the assessee failed to provide adequate documentation. The appeal was dismissed, and the additions made by the Assessing Officer were upheld based on the lack of concrete evidence and documentation supporting the transactions and income. Case-Laws Income Tax Mon, 30 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433541