https://www.taxtmi.com/caselaws?id=777312 ITAT MUMBAI affirmed the CIT(A)'s order deleting additions u/s 68 relating to alleged accommodation entries for sale proceeds of listed shares that gave rise to long-term capital gain claimed exempt u/s 10(38), finding documentary evidence sufficient and rejecting AO's conjectural reasons. The Tribunal also dismissed the revenue's challenge to an estimated 3% commission addition (consequential to the s.68 addition), upholding its deletion. All revenue grounds on these points were dismissed. en-us Mon, 07 Apr 2025 00:00:00 +0530 Thu, 28 Aug 2025 08:32:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777312 ITAT MUMBAI affirmed the CIT(A)'s order deleting additions u/s 68 relating to alleged accommodation entries for sale proceeds of listed shares that gave rise to long-term capital gain claimed exempt u/s 10(38), finding documentary evidence sufficient and rejecting AO's conjectural reasons. The Tribunal also dismissed the revenue's challenge to an estimated 3% commission addition (consequential to the s.68 addition), upholding its deletion. All revenue grounds on these points were dismissed. Case-Laws Income Tax Mon, 07 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777312