https://www.taxtmi.com/caselaws?id=463305 ITAT MUMBAI - AT allowed the taxpayer's appeal, holding the AO and CIT(A) erred in treating long-term capital gains from share sales as bogus and making an addition under s.68. The Tribunal found purchases and sales occurred on stock exchange platforms with STT paid and documentary support, and relied on binding HC/tribunal precedents. Consequently the s.68 addition and the related commission addition were deleted and the appeal of the assessee was allowed. en-us Thu, 08 Feb 2024 00:00:00 +0530 Fri, 22 Aug 2025 20:06:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463305 ITAT MUMBAI - AT allowed the taxpayer's appeal, holding the AO and CIT(A) erred in treating long-term capital gains from share sales as bogus and making an addition under s.68. The Tribunal found purchases and sales occurred on stock exchange platforms with STT paid and documentary support, and relied on binding HC/tribunal precedents. Consequently the s.68 addition and the related commission addition were deleted and the appeal of the assessee was allowed. Case-Laws Income Tax Thu, 08 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463305