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2018 (5) TMI 2073 - AT - Income TaxBogus LTCG - Addition u/s 68 - sale proceeds of shares of Sulabh Engineering and Services Ltd. treated as income from undisclosed sources - HELD THAT:- Scrips / equity shares of M/s Sulabh Engineering and Services Ltd. has been dealt with by the SMC Bench of this Tribunal in the case of Vasudha Jain [2019 (2) TMI 1136 - ITAT KOLKATA] wherein the SMC Bench of this Tribunal held that addition has been made by AO mainly on the basis of ‘suspicion’ and ‘probability’. No price rigging established by AO - AO as well as ld CIT(A), were guided by the report of the Investigation Wing, which is general in nature and no specific findings for the assessee, and hence based on these facts the SMC Bench deleted the addition - Decided in favour of assessee.
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