https://www.taxtmi.com/caselaws?id=456145 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 3,33,466/- as a bogus long-term capital loss (LTCL) under Section 10(38) of the Act. The Tribunal found no discrepancies in the evidence provided by the assessee, including contract notes and trading bills, and confirmed compliance with regulatory requirements. The transactions involving VAS Infrastructure Ltd. were not deemed blacklisted, and the trading data supported the legitimacy of the transactions. Consequently, the Tribunal affirmed the CIT(A)'s findings, emphasizing the absence of any legal or factual errors in the deletion of the addition. en-us Wed, 15 Mar 2023 00:00:00 +0530 Tue, 02 Jul 2024 19:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456145 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 3,33,466/- as a bogus long-term capital loss (LTCL) under Section 10(38) of the Act. The Tribunal found no discrepancies in the evidence provided by the assessee, including contract notes and trading bills, and confirmed compliance with regulatory requirements. The transactions involving VAS Infrastructure Ltd. were not deemed blacklisted, and the trading data supported the legitimacy of the transactions. Consequently, the Tribunal affirmed the CIT(A)'s findings, emphasizing the absence of any legal or factual errors in the deletion of the addition. Case-Laws Income Tax Wed, 15 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456145