https://www.taxtmi.com/caselaws?id=777170 ITAT Mumbai (AT) held that the addition under section 68 treating alleged bogus long-term capital gains was without merit, finding that neither the AO nor the ld. CIT(A) conducted independent inquiry or distinguished the assessee's authorities; the assessee had declared substantial short-term capital gains and paid tax thereon. The Tribunal concluded the addition was unsustainable on facts and law and directed the AO to delete the addition, allowing the appeal. en-us Wed, 08 Jan 2025 00:00:00 +0530 Tue, 26 Aug 2025 08:41:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777170 ITAT Mumbai (AT) held that the addition under section 68 treating alleged bogus long-term capital gains was without merit, finding that neither the AO nor the ld. CIT(A) conducted independent inquiry or distinguished the assessee's authorities; the assessee had declared substantial short-term capital gains and paid tax thereon. The Tribunal concluded the addition was unsustainable on facts and law and directed the AO to delete the addition, allowing the appeal. Case-Laws Income Tax Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777170