https://www.taxtmi.com/caselaws?id=463308 ITAT, Mumbai dismissed the revenue's appeal upholding CIT(A)'s deletion of an addition under s.68 concerning alleged bogus LTCG claimed under s.10(38). The tribunal found shares were directly allotted, payments made by account-payee cheques and supported by bank statements and allotment records. Relying on a coordinate-bench decision involving the same scrip and applying consistency, the ITAT found no reason to interfere and affirmed the CIT(A) order. en-us Mon, 16 Jun 2025 00:00:00 +0530 Fri, 22 Aug 2025 20:06:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463308 ITAT, Mumbai dismissed the revenue's appeal upholding CIT(A)'s deletion of an addition under s.68 concerning alleged bogus LTCG claimed under s.10(38). The tribunal found shares were directly allotted, payments made by account-payee cheques and supported by bank statements and allotment records. Relying on a coordinate-bench decision involving the same scrip and applying consistency, the ITAT found no reason to interfere and affirmed the CIT(A) order. Case-Laws Income Tax Mon, 16 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463308