https://www.taxtmi.com/highlights?id=86811 The ITAT allowed the assessee's appeal, reversing additions made by the AO. The Tribunal held that the LTCG from Pine Animation Ltd shares was genuine, as the assessee was a regular investor who purchased shares on broker advice, with no contradictory evidence found during examination under s.132(4). Consequently, the 5% estimated commission expense addition was also deleted as unnecessary. Regarding WhatsApp chat evidence, the ITAT ruled that additions cannot be sustained based on digital evidence without proper certification under s.65B. Without corroborative evidence, the alleged chat was merely a third-party document insufficient to establish unexplained cash credits under s.68. en-us Tue, 25 Mar 2025 08:48:18 +0530 Tue, 25 Mar 2025 08:48:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=86811 The ITAT allowed the assessee's appeal, reversing additions made by the AO. The Tribunal held that the LTCG from Pine Animation Ltd shares was genuine, as the assessee was a regular investor who purchased shares on broker advice, with no contradictory evidence found during examination under s.132(4). Consequently, the 5% estimated commission expense addition was also deleted as unnecessary. Regarding WhatsApp chat evidence, the ITAT ruled that additions cannot be sustained based on digital evidence without proper certification under s.65B. Without corroborative evidence, the alleged chat was merely a third-party document insufficient to establish unexplained cash credits under s.68. Highlights Income Tax Tue, 25 Mar 2025 08:48:18 +0530 https://www.taxtmi.com/highlights?id=86811