https://www.taxtmi.com/caselaws?id=439542 The Tribunal overturned the additions made by the Assessing Officer under Sections 68 and 69C of the Income Tax Act. The Tribunal found that the transactions in shares were genuine, evidenced by documents and banking channels, and that the abnormal share price fluctuations did not warrant disallowing the Long Term Capital Gain claim. Relying on precedent, the Tribunal directed the Assessing Officer to delete the additions. Consequently, the appeal of the assessee was allowed. en-us Tue, 30 May 2023 00:00:00 +0530 Mon, 26 Jun 2023 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439542 The Tribunal overturned the additions made by the Assessing Officer under Sections 68 and 69C of the Income Tax Act. The Tribunal found that the transactions in shares were genuine, evidenced by documents and banking channels, and that the abnormal share price fluctuations did not warrant disallowing the Long Term Capital Gain claim. Relying on precedent, the Tribunal directed the Assessing Officer to delete the additions. Consequently, the appeal of the assessee was allowed. Case-Laws Income Tax Tue, 30 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439542