Income Addition u/s 68 Overturned: No Evidence of Fraudulent Share Transactions for LTCG.

Bogus LTCG - addition u/s 68 - income arising from sale of shares - Facts as emanating from material on record demonstrate that the conduct of the Assessee in the present case does not fit into the ‘modus operandi’ as stated in the report of Investigation Wing, Kolkata. - addition made by AO u/s 68 of the Act cannot be sustained. - AT .....

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