Addition u/s 68 r.w.s. 115BBE - Bogus LTCG - The Tribunal ...

Tribunal Overturns LTCG Addition Due to Lack of Evidence, Rules Assessing Officer's Decision Unsustainable.

April 29, 2024

Case Laws Income Tax AT

Addition u/s 68 r.w.s. 115BBE - Bogus LTCG - The Tribunal examined the transactions and found that the entire addition made by the Assessing Officer was based on surmises and conjectures. It emphasized that there was no evidence to support the characterization of the transactions as sham or bogus. Referring to precedent and the circumstances of the case, the Tribunal concluded that the addition made by the Assessing Officer was not sustainable.

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Addition u/s 68 r.w.s. 115BBE - Bogus LTCG - The Tribunal ...

Tribunal Overturns LTCG Addition Due to Lack of Evidence, Rules Assessing Officer's Decision Unsustainable.

April 29, 2024

Case Laws Income Tax AT

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