2019 (3) TMI 1626 - ITAT KOLKATA

Bogus LTCG - unexplained cash credits u/s 68 - HELD THAT:- The assessee has successfully proved genuineness of the share profits in issue claimed as LTCG u/s 10(38) of the Act. We accordingly direct the Assessing Officer to delete the impugned addition as unexplained cash credits u/s 68 of the Act. Commission expense disallowance; if any shall also follow suit as a necessary corollary. See SANJAY MEHTA VERSUS ACIT, KOLKATA [2018 (10) TMI 187 - ITAT KOLKATA] - Decided in favour of assessee.