https://www.taxtmi.com/caselaws?id=776165 The ITAT Mumbai allowed the assessee's appeal against additions under section 68 regarding investments from undisclosed sources. The assessee demonstrated purchase and sale of shares through BSE with payments via banking channels, supported by contract notes, STT payment, and Demat account details. The AO failed to provide corroborative evidence challenging the genuineness of the transactions. Following relevant precedents, the tribunal held the additions unjustified and ruled in favor of the assessee. en-us Thu, 02 Jan 2025 00:00:00 +0530 Wed, 06 Aug 2025 08:19:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776165 The ITAT Mumbai allowed the assessee's appeal against additions under section 68 regarding investments from undisclosed sources. The assessee demonstrated purchase and sale of shares through BSE with payments via banking channels, supported by contract notes, STT payment, and Demat account details. The AO failed to provide corroborative evidence challenging the genuineness of the transactions. Following relevant precedents, the tribunal held the additions unjustified and ruled in favor of the assessee. Case-Laws Income Tax Thu, 02 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776165