https://www.taxtmi.com/caselaws?id=779633 ITAT upheld CIT(A)'s deletion of additions under ss. 68 and 69C, dismissing Revenue's appeal. The Tribunal found no evidence that the appellant or the broker were involved in share-rigging, SEBI had not blacklisted the scrip, broker notes were produced and transactions routed through banking channels, and the company's financials (income, reserves and total assets) supported the price movement. AO failed to establish the entries as bogus or accommodation in the absence of specific enquiry, so the additions were reversed. en-us Tue, 30 Sep 2025 00:00:00 +0530 Thu, 09 Oct 2025 08:54:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779633 ITAT upheld CIT(A)'s deletion of additions under ss. 68 and 69C, dismissing Revenue's appeal. The Tribunal found no evidence that the appellant or the broker were involved in share-rigging, SEBI had not blacklisted the scrip, broker notes were produced and transactions routed through banking channels, and the company's financials (income, reserves and total assets) supported the price movement. AO failed to establish the entries as bogus or accommodation in the absence of specific enquiry, so the additions were reversed. Case-Laws Income Tax Tue, 30 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779633