https://www.taxtmi.com/caselaws?id=776238 The ITAT Mumbai held that the LTCG earned from transactions in the scrip AGIL on BSE were genuine and not the result of price rigging or black money circulation. No adverse findings or allegations were made by SEBI, and the AO did not discredit the primary evidence, including DEMAT statements and contract notes. Following precedent, the tribunal found no basis to treat the capital gains as unaccounted income under section 68. Consequently, the addition under section 68 was deleted and the assessee's appeal was allowed. en-us Fri, 03 Jan 2025 00:00:00 +0530 Thu, 07 Aug 2025 07:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776238 The ITAT Mumbai held that the LTCG earned from transactions in the scrip AGIL on BSE were genuine and not the result of price rigging or black money circulation. No adverse findings or allegations were made by SEBI, and the AO did not discredit the primary evidence, including DEMAT statements and contract notes. Following precedent, the tribunal found no basis to treat the capital gains as unaccounted income under section 68. Consequently, the addition under section 68 was deleted and the assessee's appeal was allowed. Case-Laws Income Tax Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776238