Conflicting High Court Opinions on Bogus LTCG and Cash Credits u/s 68 Favor Assessee's View in Absence of Local Ruling.

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....Bogus LTCG/losses derived from transfer of shares - Unexplained cash credits u/s 68 - Hon’ble high court’s have adopted varying opinions qua correctness of identical long term capital gains. - In the absence of any decision from the jurisdictional high court, view in favor of assessee adopted.....