Bogus LTCG - Unexplained cash credit u/s 68 - Reliance on ...

Court Rules Capital Gains Cannot Be Deemed Bogus Without Direct Evidence, Citing Section 68 of Income Tax Act.

November 8, 2021

Case Laws Income Tax AT

Bogus LTCG - Unexplained cash credit u/s 68 - Reliance on information unearthed from third party - the capital gain earned by the assessee cannot held bogus merely on the basis of some report which was unearthed in case of third party/parties unless cogent material brought against particular assessee - AT

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Bogus LTCG - Unexplained cash credit u/s 68 - Reliance on ...

Court Rules Capital Gains Cannot Be Deemed Bogus Without Direct Evidence, Citing Section 68 of Income Tax Act.

November 8, 2021

Case Laws Income Tax AT

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