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2018 (11) TMI 870 - AT - Income TaxBogus Long Term Capital Gains (LTCG) - unexplained cash credits u/s. 68 addition - Held that:- We afforded sufficient opportunity to the Revenue for indicating any material on record indicating the assessee’s nexus with the alleged share price rigging or her name having specifically mentioned in any search statement. There is no such material forthcoming from the case file. We therefore adopt the detailed reasoning given in NAVNEET AGARWAL, LEGAL HEIR OF LATE KIRAN AGARWAL VERSUS ITO, WARD-35 (3) , KOLKATA [2018 (8) TMI 509 - ITAT KOLKATA] and NEERAJ GUPTA VERSUS INCOME TAX OFFICER, WARD-44 (1) , KOLKATA [2018 (11) TMI 805 - ITAT KOLKATA] mutatis mutandis to delete the impugned addition of unexplained LTCG. - Decided in favour of assessee.
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