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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Addition u/s 68 - bogus LTCG on sale of shares - The purchase of ...


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

February 20, 2019

Case Laws     Income Tax     AT

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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