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2019 (3) TMI 464 - AT - Income TaxBogus LTCG - unexplained cash credits u/s 68 - HELD THAT:- There is no dispute that assessee having derived her LTCG on transfer of shares held in M/s Kailash Auto Finance Ltd. Learned Departmental Representative fails to dispute that very issue stands adjudicated in assessee’s favour in co-ordinate bench’s decision in SANJEEV GOEL (HUF) VERSUS INCOME TAX OFFICER, WARD-45 (3) , KOLKATA [2018 (8) TMI 1747 - ITAT KOLKATA] Revenue fails to indicate any specific evidence against the assessee in above terms qua his LTCG derived from transfer of share in Jackson Investments Ltd. Therefore adopt the above extracted reasoning mutatis mutandis to delete the impugned bogus LTCG addition. Same order to follow in all remaining twelve cases as well since notice that there is no specific evidence co-relating these assessee with any kind of rigging of share price. All these impugned LTCG/losses addition(s) are reversed in these fact and circumstances. - Decided in favour of assessee.
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