https://www.taxtmi.com/caselaws?id=307556 The ITAT Delhi ruled in favor of the assessee, overturning the CIT (A) decision that treated the Short Term Capital Gain as bogus under Section 69A. The tribunal found insufficient evidence to support the AO's claims of fraudulent activity, highlighting the assessee's legitimate investment history and the genuine business operations of the companies involved. en-us Fri, 28 Jun 2019 00:00:00 +0530 Wed, 18 Dec 2024 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307556 The ITAT Delhi ruled in favor of the assessee, overturning the CIT (A) decision that treated the Short Term Capital Gain as bogus under Section 69A. The tribunal found insufficient evidence to support the AO's claims of fraudulent activity, highlighting the assessee's legitimate investment history and the genuine business operations of the companies involved. Case-Laws Income Tax Fri, 28 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307556