https://www.taxtmi.com/caselaws?id=768943 ITAT Mumbai allowed the appeal, deleting additions made under sections 68 and 69C. The assessee successfully claimed exemption under section 10(38) for LTCG on listed shares despite AO's rejection based on 200% price increase. The tribunal found the assessee discharged the burden of proving transaction genuineness through proper documentation, banking channels, demat account credits, and BSE routing. Revenue failed to prove price manipulation or rigging. The decision followed consistent ITAT precedents for the same scrip. en-us Mon, 07 Apr 2025 00:00:00 +0530 Wed, 16 Apr 2025 08:38:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768943 ITAT Mumbai allowed the appeal, deleting additions made under sections 68 and 69C. The assessee successfully claimed exemption under section 10(38) for LTCG on listed shares despite AO's rejection based on 200% price increase. The tribunal found the assessee discharged the burden of proving transaction genuineness through proper documentation, banking channels, demat account credits, and BSE routing. Revenue failed to prove price manipulation or rigging. The decision followed consistent ITAT precedents for the same scrip. Case-Laws Income Tax Mon, 07 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768943