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2018 (12) TMI 1560 - AT - Income TaxUnexplained cash credits u/s 68 - bogus Long Term Capital Gains - share price rigging - 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 in SMT. NALINI BOTHRA C/O S.L. KOCHAR VERSUS INCOME TAX OFFICER, WARD-35 (3) , KOLKATA [2018 (11) TMI 870 - ITAT KOLKATA] mutatis mutandis to delete the impugned addition of unexplained LTCG. We adopt the above detailed reasoning mutatis mutandis to conclude that CIT(A) has rightly reversed assessment findings treating the assessee’s impugned LTCG to be unexplained cash credits - Decided in favour of assessee
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