2022 (4) TMI 1510 - HC - Income Tax

Addition u/s 68 - bogus LTCG on purchase and sale of shares - Tribunal held that assessee’s dealings in shares are supported by the contract notes issued by broker as well as demat account. Genuineness of contract notes or demat accounts have not been disputed even in the show cause notice by the assessing officer - HELD THAT:- Having regard to the aforesaid finding of facts recorded by the Tribunal, we are not inclined to interfere in this appeal. We are of the view that the question of law formulated by the Revenue is more on facts rather than on law. It cannot be said to be a substantial question of law. Decided against revenue.