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2016 (4) TMI 565 - ITAT MUMBAIAddition on LTCG - additions only on the basis of information received from DDIT (investigation) Bombay in respect of search action - Held that:- In the present case by virtue of independent documents as referred in paper book the assessee has proved the genuineness of the share transaction and there was no justification to disallow the claim of the assessee in respect of long term capital gain merely on the basis of information received from DDIT which is based on admission of Shri Mukesh Chokshi. Therefore accordingly, we direct the AO to assess the long term capital gain declared by assessee as such and accept the same - Decided in favour of assessee
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