https://www.taxtmi.com/caselaws?id=469438 Addition under section 68 for alleged bogus trading and related long-term capital gain could not stand where the assessee denied the transaction, produced supporting material, and the Assessing Officer failed to verify the specific trade details or link the assessee to the alleged dealings. The record did not contain cogent documentary evidence connecting the assessee with the scrip, and the addition could not be sustained on assumptions or surmises. The addition was deleted in favour of the assessee. en-us Mon, 03 Mar 2025 00:00:00 +0530 Wed, 17 Jun 2026 19:02:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469438 Addition under section 68 for alleged bogus trading and related long-term capital gain could not stand where the assessee denied the transaction, produced supporting material, and the Assessing Officer failed to verify the specific trade details or link the assessee to the alleged dealings. The record did not contain cogent documentary evidence connecting the assessee with the scrip, and the addition could not be sustained on assumptions or surmises. The addition was deleted in favour of the assessee. Case-Laws Income Tax Mon, 03 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469438