https://www.taxtmi.com/caselaws?id=773272 ITAT Mumbai allowed the appeal, deleting addition under Section 68 regarding bogus share sales and restoring exemption under Section 10(38) for long-term capital gains. The tribunal found share transactions genuine as they occurred through BSE's electronic platform via SEBI-registered broker with STT payment. SEBI's investigation report confirmed no price manipulation or rigging in the shares of the company in question. The assessee was established as a regular investor, and SEBI found no violations of securities regulations. Consequently, the 3% adhoc commission addition was also deleted. en-us Mon, 19 May 2025 00:00:00 +0530 Fri, 20 Jun 2025 08:34:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773272 ITAT Mumbai allowed the appeal, deleting addition under Section 68 regarding bogus share sales and restoring exemption under Section 10(38) for long-term capital gains. The tribunal found share transactions genuine as they occurred through BSE's electronic platform via SEBI-registered broker with STT payment. SEBI's investigation report confirmed no price manipulation or rigging in the shares of the company in question. The assessee was established as a regular investor, and SEBI found no violations of securities regulations. Consequently, the 3% adhoc commission addition was also deleted. Case-Laws Income Tax Mon, 19 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773272