Assessment u/s 153A - beneficiary of bogus LTCG - Addition u/s ...

Tax Additions u/s 68 Deleted Due to Lack of Cross-Examination Opportunity in Bogus LTCG Case.

January 3, 2022

Case Laws Income Tax AT

Assessment u/s 153A - beneficiary of bogus LTCG - Addition u/s 68 - onus to prove - The whole basis of making additions is third-party statement and no opportunity of cross-examination has been provided to the assessee to confront these parties. As against this, the assessee’s position that that the transactions were genuine and duly supported by various documentary evidences, could not be disturbed by the revenue. - Additions deleted - AT

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Assessment u/s 153A - beneficiary of bogus LTCG - Addition u/s ...

Tax Additions u/s 68 Deleted Due to Lack of Cross-Examination Opportunity in Bogus LTCG Case.

January 3, 2022

Case Laws Income Tax AT

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