https://www.taxtmi.com/caselaws?id=752639 ITAT held that the assessee's claimed LTCG and related credit entries were bogus and upheld the AO's addition under s.68. The tribunal found documentary evidence insufficient, surrounding circumstances and suspicious penny-stock transactions showed the entries were not genuine, and the assessee failed to discharge the onus. CIT(A)'s acceptance of the documents was reversed. Revenue's invocation of s.68 was sustained and the addition confirmed. en-us Fri, 03 May 2024 00:00:00 +0530 Wed, 05 Nov 2025 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752639 ITAT held that the assessee's claimed LTCG and related credit entries were bogus and upheld the AO's addition under s.68. The tribunal found documentary evidence insufficient, surrounding circumstances and suspicious penny-stock transactions showed the entries were not genuine, and the assessee failed to discharge the onus. CIT(A)'s acceptance of the documents was reversed. Revenue's invocation of s.68 was sustained and the addition confirmed. Case-Laws Income Tax Fri, 03 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752639