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Income Tax - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

Addition u/s 68 - Bogus LTCG - It is a classic case of ...

Case Laws     Income Tax

February 21, 2023

Addition u/s 68 - Bogus LTCG - It is a classic case of assessment framed on impressions and perceptions rather than on glaring facts. - The overwhelming factor of extra-ordinary period of holding of shares prior to sale transcends all other considerations and exonerates the Assessee from any kind of impropriety. - AT

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