https://www.taxtmi.com/caselaws?id=773955 An addition for alleged bogus capital gains, treated as unexplained cash credit, was found unsustainable where the assessee's return, supporting documents and bank statement did not support the transaction alleged by the revenue. The reassessment and the addition were held to lack cogent evidentiary support, and the first appellate authority had confirmed the addition without proper examination of the material on record. The addition was directed to be deleted. en-us Wed, 21 May 2025 00:00:00 +0530 Tue, 01 Jul 2025 08:47:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773955 An addition for alleged bogus capital gains, treated as unexplained cash credit, was found unsustainable where the assessee's return, supporting documents and bank statement did not support the transaction alleged by the revenue. The reassessment and the addition were held to lack cogent evidentiary support, and the first appellate authority had confirmed the addition without proper examination of the material on record. The addition was directed to be deleted. Case-Laws Income Tax Wed, 21 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773955