https://www.taxtmi.com/caselaws?id=776105 The ITAT Agra upheld the AO's addition under section 68, denying exemption under section 10(38) for alleged bogus capital gains. The assessee failed to explain the substantial 33-fold appreciation in share price within a short period despite transactions occurring through recognized stock exchanges and DEMAT accounts. The tribunal found no new facts or submissions warranting deviation from the AO and CIT(A) findings, sustaining the addition. en-us Mon, 30 Jun 2025 00:00:00 +0530 Tue, 05 Aug 2025 07:54:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776105 The ITAT Agra upheld the AO's addition under section 68, denying exemption under section 10(38) for alleged bogus capital gains. The assessee failed to explain the substantial 33-fold appreciation in share price within a short period despite transactions occurring through recognized stock exchanges and DEMAT accounts. The tribunal found no new facts or submissions warranting deviation from the AO and CIT(A) findings, sustaining the addition. Case-Laws Income Tax Mon, 30 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776105