https://www.taxtmi.com/caselaws?id=464622 ITAT MUMBAI dismissed the appeal, upholding the AO's additions: denial of LTCG exemption u/s 10(38) and inclusion of a 2% commission u/s 69C. The tribunal agreed transactions were not genuine despite trades on a recognized exchange and banked payments, citing weak corporate fundamentals, negligible business activity, artificial price manipulation, structured trades with exit providers, SEBI/SAT bans, extensive investigation and involvement of numerous shell entities. The AO's cumulative factual findings and the CIT(A)'s reasoning were held to be logical and fact-based, so the additions and commission were confirmed. en-us Fri, 26 Jul 2024 00:00:00 +0530 Wed, 05 Nov 2025 15:23:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464622 ITAT MUMBAI dismissed the appeal, upholding the AO's additions: denial of LTCG exemption u/s 10(38) and inclusion of a 2% commission u/s 69C. The tribunal agreed transactions were not genuine despite trades on a recognized exchange and banked payments, citing weak corporate fundamentals, negligible business activity, artificial price manipulation, structured trades with exit providers, SEBI/SAT bans, extensive investigation and involvement of numerous shell entities. The AO's cumulative factual findings and the CIT(A)'s reasoning were held to be logical and fact-based, so the additions and commission were confirmed. Case-Laws Income Tax Fri, 26 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464622