https://www.taxtmi.com/caselaws?id=768828 The ITAT Mumbai upheld the CIT(A)'s decision to delete additions made for bogus long-term capital gains. The tribunal found that the assessment order was based on surmises without documentary evidence proving the assessee transacted in shares or earned LTCG. Additionally, the reassessment proceedings violated section 149(1)(b) provisions. The revenue failed to present new documents or evidence to challenge the CIT(A)'s findings. The appeal was decided against the revenue department. en-us Fri, 21 Mar 2025 00:00:00 +0530 Tue, 15 Apr 2025 08:34:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768828 The ITAT Mumbai upheld the CIT(A)'s decision to delete additions made for bogus long-term capital gains. The tribunal found that the assessment order was based on surmises without documentary evidence proving the assessee transacted in shares or earned LTCG. Additionally, the reassessment proceedings violated section 149(1)(b) provisions. The revenue failed to present new documents or evidence to challenge the CIT(A)'s findings. The appeal was decided against the revenue department. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768828