https://www.taxtmi.com/caselaws?id=444334 The tribunal directed the AO to delete the additions made under Section 68 of the Income Tax Act in the cases of Smt. Namita Bajaj and Smt. Lalita Bajaj, as the shares were sold at the same price they were acquired, resulting in no capital gain. The appeals were allowed on merits, and the tribunal found no valid reason to invoke Section 68, especially since the investment in shares was not disputed in the year of acquisition. en-us Wed, 11 Oct 2023 00:00:00 +0530 Fri, 13 Oct 2023 09:01:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444334 The tribunal directed the AO to delete the additions made under Section 68 of the Income Tax Act in the cases of Smt. Namita Bajaj and Smt. Lalita Bajaj, as the shares were sold at the same price they were acquired, resulting in no capital gain. The appeals were allowed on merits, and the tribunal found no valid reason to invoke Section 68, especially since the investment in shares was not disputed in the year of acquisition. Case-Laws Income Tax Wed, 11 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444334