https://www.taxtmi.com/caselaws?id=459244 ITAT Surat allowed the assessee's appeal regarding alleged bogus LTCG transactions. The assessee purchased 20,000 shares for Rs.4,59,800 and sold 14,394 shares in the assessment year. The tribunal noted that STT was paid, bank statements and relevant documents were filed, and crucially, no long-term capital loss was claimed in the return, resulting in no revenue loss. The addition made by the assessing officer was deleted. en-us Mon, 01 Apr 2024 00:00:00 +0530 Thu, 05 Dec 2024 21:12:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459244 ITAT Surat allowed the assessee's appeal regarding alleged bogus LTCG transactions. The assessee purchased 20,000 shares for Rs.4,59,800 and sold 14,394 shares in the assessment year. The tribunal noted that STT was paid, bank statements and relevant documents were filed, and crucially, no long-term capital loss was claimed in the return, resulting in no revenue loss. The addition made by the assessing officer was deleted. Case-Laws Income Tax Mon, 01 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459244