https://www.taxtmi.com/caselaws?id=772709 ITAT Mumbai ruled in favor of the assessee regarding addition under section 68 for alleged bogus capital gains and denial of exemption under section 10(38). The tribunal held that share purchase and sale transactions cannot be considered bogus when documentary evidence establishes genuineness of the claim. The AO was directed to delete the addition made under section 68. The assessee's appeal was allowed. en-us Tue, 10 Jun 2025 00:00:00 +0530 Thu, 12 Jun 2025 07:21:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772709 ITAT Mumbai ruled in favor of the assessee regarding addition under section 68 for alleged bogus capital gains and denial of exemption under section 10(38). The tribunal held that share purchase and sale transactions cannot be considered bogus when documentary evidence establishes genuineness of the claim. The AO was directed to delete the addition made under section 68. The assessee's appeal was allowed. Case-Laws Income Tax Tue, 10 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772709