https://www.taxtmi.com/highlights?id=69727 Bogus sale proceeds as undisclosed income - addition u/s 68 - all these transactions were through banking channels only and in that process assessee has suffered loss. - AO mechanically applied the informations received from investigation wing and proceeded to disallow the loss claimed by the assessee as well as proceeded to make the sale proceeds as undisclosed income. - Additions deleted - Claim allowed as Short Term Capital Loss - AT en-us Fri, 12 May 2023 08:27:10 +0530 Fri, 12 May 2023 08:27:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69727 Bogus sale proceeds as undisclosed income - addition u/s 68 - all these transactions were through banking channels only and in that process assessee has suffered loss. - AO mechanically applied the informations received from investigation wing and proceeded to disallow the loss claimed by the assessee as well as proceeded to make the sale proceeds as undisclosed income. - Additions deleted - Claim allowed as Short Term Capital Loss - AT Highlights Income Tax Fri, 12 May 2023 08:27:10 +0530 https://www.taxtmi.com/highlights?id=69727