https://www.taxtmi.com/caselaws?id=460937 ITAT Jaipur allowed the assessee's appeal, deleting the addition made under Section 68 for alleged bogus long-term capital gain. The court held that AO's findings were based on generalized third-party statements from other cases without specific reference to the assessee. The assessee successfully discharged the primary onus by providing documentary evidence including bank payments, demat account records, contract notes, and STT payment for share transactions conducted through recognized stock exchange and broker, establishing genuine LTCG exempt under Section 10(38). en-us Mon, 03 Apr 2023 00:00:00 +0530 Mon, 03 Mar 2025 18:59:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460937 ITAT Jaipur allowed the assessee's appeal, deleting the addition made under Section 68 for alleged bogus long-term capital gain. The court held that AO's findings were based on generalized third-party statements from other cases without specific reference to the assessee. The assessee successfully discharged the primary onus by providing documentary evidence including bank payments, demat account records, contract notes, and STT payment for share transactions conducted through recognized stock exchange and broker, establishing genuine LTCG exempt under Section 10(38). Case-Laws Income Tax Mon, 03 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460937