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Section 68 Examines Alleged Bogus LTCG on Share Sales; Transactions Deemed Genuine with Proper Documentation.

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Full Text of the Document

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....Addition u/s 68 - bogus LTCG on sale of shares - The purchase of shares and the sale of shares were also reflected in Demat account statements. The sale of shares suffered STT, brokerage etc. In the facts and circumstances of the case, it cannot be held that the transactions were bogus....

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