https://www.taxtmi.com/caselaws?id=778993 ITAT held that additions under section 68 treating claimed exempt long-term capital gains as bogus were unsustainable. The AO's reliance on an Adjudicating Officer, SEBI order overlooked a SAT finding that disclosures were made; the assessee neither booked offsetting short-term losses nor featured in the alleged price-rigging, transactions occurred on the exchange with banked consideration, and the broker was not implicated. On merits the additions lacked basis and were deleted; the assessee's appeal was allowed. en-us Mon, 20 Jan 2025 00:00:00 +0530 Fri, 26 Sep 2025 08:26:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778993 ITAT held that additions under section 68 treating claimed exempt long-term capital gains as bogus were unsustainable. The AO's reliance on an Adjudicating Officer, SEBI order overlooked a SAT finding that disclosures were made; the assessee neither booked offsetting short-term losses nor featured in the alleged price-rigging, transactions occurred on the exchange with banked consideration, and the broker was not implicated. On merits the additions lacked basis and were deleted; the assessee's appeal was allowed. Case-Laws Income Tax Mon, 20 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778993