https://www.taxtmi.com/caselaws?id=770321 ITAT Hyderabad allowed the assessee's appeal against additions made under sections 68 and 69C. The AO and CIT(A) treated long-term capital gains from sale of shares as unexplained cash credit based on an investigation report mentioning the scrip company's involvement in providing bogus entries. The Tribunal found the capital gains genuine and supported by necessary evidence. The authorities failed to appreciate relevant facts and wrongly made additions. The Tribunal directed deletion of additions under section 68 for capital gains and section 69C for alleged commission expenditure, as the latter was consequential to the former. en-us Wed, 05 Feb 2025 00:00:00 +0530 Fri, 09 May 2025 09:12:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770321 ITAT Hyderabad allowed the assessee's appeal against additions made under sections 68 and 69C. The AO and CIT(A) treated long-term capital gains from sale of shares as unexplained cash credit based on an investigation report mentioning the scrip company's involvement in providing bogus entries. The Tribunal found the capital gains genuine and supported by necessary evidence. The authorities failed to appreciate relevant facts and wrongly made additions. The Tribunal directed deletion of additions under section 68 for capital gains and section 69C for alleged commission expenditure, as the latter was consequential to the former. Case-Laws Income Tax Wed, 05 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770321