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2019 (1) TMI 1869 - ITAT AHMEDABADBogus LTCG - unexplained credit u/s.68 - denial of exemptions claimed u/s 10(38) - HELD THAT:- In the identical facts and circumstances, the Hon’ble ITAT Ahmedabad in the case of Ketulkumar D.Jaiswal [2017 (10) TMI 168 - ITAT AHMEDABAD] decided issue in favour of assessee stating that no direct or material evidence against the assessee to hold that the share transactions were not genuine - additions made by the AO u/s.68 are not warranted and are accordingly deleted. In this case, transaction are made for the D-mat account and STT has also been paid. Assessee has sold his shares to authorized stock exchange and received Invoice duly paid STT on his selling shares. In our opinion, the order of the CIT(A) is not sustainable. - Decided in favour of assessee.
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