2024 (9) TMI 1386 - SCH - Income Tax

Validity of appeal filed u/s 260A - Bogus LTCG - whether any substantial question of law has arisen for consideration? - reexamining appellant's additional documents obtained through the Right to Information Act - as argued Tribunal has failed to consider the report of the Securitisation and Exchange Board of India in its proper perspective - as decided by HC 2024 (6) TMI 1068 - CALCUTTA HIGH COURT CIT(A) has examined the factual aspects with regard to the trading of shares in a company called, Sulabh Engineers Services Ltd. After examining the facts, the CIT(A) brought out the modus operandi and has recorded finding as to how the claim for long-term capital gain is a bogus claim. The conclusion arrived at by the Tribunal has also been supported by various decisions of the courts - no grounds to interfere with the order passed by the Tribunal HELD THAT - The Special Leave Petition is dismissed.