Addition u/s 68 - Bogus LTCG on the sale of equity shares - The ...

Case Laws Income Tax

January 27, 2021

Addition u/s 68 - Bogus LTCG on the sale of equity shares - The sale proceeds of such shares was credited to the bank account of the assessee. A copy of bank account where the proceeds are reflected is placed. The copy of DEMAT statement of assessee reflects various other shares also which the assessee was holding. All these documentary evidences, which were before the Assessing Officer, show that assessee did earn Long Term Capital Gain - AT

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Addition u/s 68 - Bogus LTCG on the sale of equity shares - The ...

Case Laws Income Tax

January 27, 2021

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