https://www.taxtmi.com/caselaws?id=762527 The ITAT Mumbai allowed the assessee's appeals regarding bogus LTCG claims. The tribunal found that the assessee had adequately discharged the burden of proof under section 68 by producing relevant documents before authorities. Since no adverse order or penalty existed against the assessee and no role was established in share price rigging, the tribunal deleted the additions made by denying exemption under section 10(38) and allowed the LTCG exemption claim. en-us Fri, 29 Nov 2024 00:00:00 +0530 Tue, 03 Dec 2024 08:44:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762527 The ITAT Mumbai allowed the assessee's appeals regarding bogus LTCG claims. The tribunal found that the assessee had adequately discharged the burden of proof under section 68 by producing relevant documents before authorities. Since no adverse order or penalty existed against the assessee and no role was established in share price rigging, the tribunal deleted the additions made by denying exemption under section 10(38) and allowed the LTCG exemption claim. Case-Laws Income Tax Fri, 29 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762527