https://www.taxtmi.com/article/detailed?id=12579 Supreme Court orders on alleged bogus capital gains arising from sales of low priced shares emphasize factual proof of actual delivery and banking realization and procedural fairness; when assessees furnished demat transfer evidence and sale proceeds through bank channels, tribunals and high courts often deleted additions and the Supreme Court dismissed revenue SLPs, whereas lack of documentary support or denial of the right to cross examine entry providers led to adverse findings. Condonation of delay in filing SLPs has produced differing consequences, sometimes leaving questions of law open. en-us Wed, 01 May 2024 08:04:47 +0530 Wed, 01 May 2024 08:04:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12579 Supreme Court orders on alleged bogus capital gains arising from sales of low priced shares emphasize factual proof of actual delivery and banking realization and procedural fairness; when assessees furnished demat transfer evidence and sale proceeds through bank channels, tribunals and high courts often deleted additions and the Supreme Court dismissed revenue SLPs, whereas lack of documentary support or denial of the right to cross examine entry providers led to adverse findings. Condonation of delay in filing SLPs has produced differing consequences, sometimes leaving questions of law open. Articles Income Tax Wed, 01 May 2024 08:04:47 +0530 https://www.taxtmi.com/article/detailed?id=12579