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2018 (9) TMI 1783 - AT - Income TaxBogus LTCG gain - addition u/s 68 - exemption u/s. 10(38) denied - Held that:- In a similar case wherein the assessee had purchased shares of M/s. Tuni Textile Mills Ltd. and sold the same in AY 2013-14 the Tribunal has deleted the addition in the case of Kiran Kothary, HUF Vs. ITO [2017 (11) TMI 1075 - ITAT KOLKATA] wherein the Tribunal in that case has held that sale of shares of M/s. Tuni Textile Mills Ltd. was a genuine transaction. DR, on the other hand, could not controvert this fact which was brought to our notice in respect of sale of shares of M/s. Tuni Textiles Mills Ltd. that the Tribunal in similar case for the same assessment year has dealt similar addition made by the AO/Ld. CIT(A) in respect of the claim of the assessee of LTCG on sale of share of M/s. Tuni Textile Mills Ltd - Decided in favour of assessee
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